and Monitoring Section of the SEC is responsible for supervising and monitoring
of the operations and activities of the stock exchanges, stock dealer/brokers
which covers the following important aspects:
During the period an Investors’ Complaint Format has been developed which has been put in the internet as well. Steps have been taken to monitor the financial position of the members of the stock exchanges.
per amendments made to the regulations 7 and 9 of the Settlement of Stock
Exchange Transactions Regulations, 1998 of the Chittagong Stock Exchange,
a member Amin Securities & Consultants Ltd. (M. Code –128) was
suspended by CSE for default in payment/delivery of securities more
than once in the calendar month of May. After settlement of the defaults
with CSE along with penalty the member was allowed by SEC to resume trading
with strong warning to the effect that SEC may not consider any default
of this member in future and may take appropriate measures against him
as per law.
status of complaints received from investors at a glance during July 1998-
During the year the following listed companies and brokers were penalized for various defaults