After a series of scams by brokerage firms, the securities regulator has decided to tighten oversight of investors' assets digitally to eliminate the risk of fund misappropriation. First, the Bangladesh Securities and Exchange Commission (BSEC) will make it mandatory for brokerage firms to use cer

It is the same story, same mechanism; only the faces behind the scam are different and so are the victims. Regulatory action always comes late after investors have already been robbed of their assets and cash. The securities regulator has issued directives to get bank accounts of the board of dire

The legal roadblock to the conversion or liquidation of closed-end mutual funds has been cleared, as the Chamber Court of the Appellate Division stayed the status quo orders issued on writ petitions challenging the regulatory move. "We have no bottlenecks now to enforce [the regulatory mandates],"

RACE Management has issued a legal notice against the securities regulator, accusing it of contempt of court for proceeding with the liquidation or conversion process of close-ended funds. The country's largest private asset management company, which currently controls more than 47 per cent of the

The securities regulator has issued an order to convert deeply discounted closed-end funds into open-ended structures, subject to unitholders' approval, with the transition process set to begin on May 12. The order aligns with the newly enacted Bangladesh Securities and Exchange Commission (Mutual

Listed private power producers are beginning to absorb a shock that is set to deepen as the government pivots away from costly rental and furnace oil-based plants toward LNG, coal, and renewable energy. The companies-except for Shahjibazar Power Co and Energypac Power Generation-witnessed a fall i

Investors have grown restless nearly a year after the Anti-Corruption Commission (ACC) took up the case of Moshihor Securities Limited, as little progress has been made in recovering the laundered funds. According to the latest data from the Dhaka Stock Exchange (DSE), not a single taka has been r

Investors have continued to endure partial or complete erosion of their assets, with total claimed losses surpassing Tk 5 billion as of March due to scams and embezzlement by brokers. Only a fraction of the amount-Tk 0.53 billion-has so far been disbursed to victims of the financial fraud. The Dha