SEC looking into 'unusual' trade of stockbroker
The Securities and Exchange Commission yesterday opened a probe into “unusual trading” in shares by Royal Capital Ltd, a stockbroker.
The stockmarket regulator set up a two-member panel to investigate the unusual trading by Royal Capital during yesterday's stock transaction, according to a posting on the Dhaka Stock Exchange website.
The market watchdog also asked the committee, comprising SEC Deputy Director Md Hossain Khan and Assistant Director Saiful Islam, to submit a report to the commission in next three workdays.
On February 8, the SEC launched a probe into unusual share trading by LankaBangla Securities after the regulator got information on suspicious trading by the stockbroker.
SEC Director Mahbubur Rahman and Deputy Director Ohidul Islam, who investigated the LankaBangla issue, are expected to submit a report to the commission today.