SEC fines Arafat Securities
Friday, 25 December 2009
FE Report
The Securities and Exchange Commission (SEC) imposed penalty worth Tk 4.0 million on Arafat Securities Limited and one million on its owner Thursday for its irregular trading, a source said.
Earlier, the trading of the Arafat Securities was suspended by the SEC on the basis of a complaint for its irregular trading. The SEC carried out investigation and found its involvement in irregular trading. The regulator finally imposed a penalty on the company.
The Securities and Exchange Commission (SEC) imposed penalty worth Tk 4.0 million on Arafat Securities Limited and one million on its owner Thursday for its irregular trading, a source said.
Earlier, the trading of the Arafat Securities was suspended by the SEC on the basis of a complaint for its irregular trading. The SEC carried out investigation and found its involvement in irregular trading. The regulator finally imposed a penalty on the company.