Securities and Exchange Commission

Enforcement Department

Following enforcement actions were taken by the Commission during November, 2002: 

Sl. No.

Date

Nature of default / Appeal

Commissionís decision

01

16/11/2002

Violation of license condition no.11 by Chittagong Stock Exchange dealer T K Shares and Securities Limited (CSE Member No. 69)

Letter issued with warning to comply with all securities laws in future.

02

21/11/2002

Violation of regulation 17 of Dhaka Stock Exchange Automated Trading Regulations, 1999 by Dhaka Stock Exchange dealer Mona Financial Consultancy and Securities Limited (DSE Member No. 164)

Letter issued with warning to comply with all securities laws in future.

03

21/11/2002

Revision petition under section 26 of the Securities and Exchange Ordinance, 1969 against Commissionís order dated 14/07/2002 imposing penalty of Taka 10.00 lacs on Dhaka Stock Exchange dealer Khurshid Alam & Company (DSE Member No. 167).

Revision petition rejected.