Regulator fines three stockbrokers for breach of rules

Bangladesh Securities and Exchange Commission (BSEC) yesterday fined two stockbrokers Tk 3 lakh each for violating securities rules.
PHP Stocks and Securities was fined
for having  a deficit of Tk 10 crore in its consolidated customers' account and PFI Securities for providing excess share credit to an investor by breaching margin rules.
Separately, DBL Securities was fined Tk 1 lakh for providing share credit against non-marginable shares.
The financial penalties were given out at a meeting with the commission's chief M Khairul Hossain in the chair, BSEC said in a statement.