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Staff Correspondent,
bdnews24.com
Published: 16 Jan 2021 07:32 PM BdST
Updated: 16 Jan 2021 08:43 PM BdST
Shibli Rubayat-Ul-Islam, chairman of Bangladesh Securities and Exchange Commission, has warned against market manipulation, saying that anyone trying to play dirty will get caught easily. );
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“If someone tries to play foul in the market, how much money will they have? One billion, 10 billion? We are giving the ICB 10 times as much power so that no one can make profit by playing tricks in the market,” he said.
“If someone tries to do it, we will catch them right away,” Rubayat-Ul-Islam said at a virtual discussion organised by Innovation and Development Associates on Saturday on ways to establish the stock market as a source of long-term investments.
Staff Correspondent,
bdnews24.com
Published: 13 Jan 2021 12:09 AM BdST
Updated: 13 Jan 2021 12:09 AM BdST
The stock market regulator has ordered the two bourses of the country to find out the reasons behind fluctuation of prices of some shares by over 50 percent in the past one month. );
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The Market Surveillance and Intelligence Department of Bangladesh Securities and Exchange Commission sent letters containing the orders to the managing directors and chief legal officers of Dhaka Stock Exchange and Chattrogram Stock Exchange on Tuesday.
BSEC Deputy Director Mohammad Shamsur Rahman asked the officials of the bourses to report back within 45 days.
The regulator also ordered the bourses to investigate the shares, of which the earnings or EPS increased by 50 percent or more in a year.