The securities regulator has taken a total of 437 enforcement actions against the issuer companies during last five fiscal years (FYs) for breaching securities rules, officials said.
As part of enforcement measure, the regulator fined the companies and issued warning letters to many of them during the period of FY 2009-10 to FY 2013-14.
The data found in the Bangladesh Securities and Exchange Commission (BSEC) reveals that the number of imposing penalty on issuer companies gradually declined from the FY 2009-10 to FY 2013-14.
The officials of the securities regulator said before taking enforcement action, the regulator conducted investigations against the allegations.
"Before taking final decision the regulator also conducted hearings of the stakeholders who breached securities rules," the BSEC official said.
The securities regulator imposed penalty on 217 issuer companies during the FY 2009-10 to FY 2013-14.
The BSEC fined 85 companies in the FY 2009-10, whereas 45 companies were fined in the FY 2010-11, 45 faced music in the FY 2011-12, 14 were fined in the FY 2012-13 and remaining 17 were financially punished in the FY 2013-14.
On the other hand, the securities regulator issued warning letters against 203 issuer companies during the period of FY 2009-10 to FY 2013-14.
Among the warning letters, 61 were issued in the FY 2009-10, whereas 33 were issued in the FY 2010-11, 50 in the FY 2011-12, 16 in the FY 2012-13 and 43 in the FY 2013-14.
Apart from taking measures against issuer companies, the securities regulator conducted enforcement actions against the stockbrokers and dealers.
According to BSEC data, a total of 340 stockbrokers and dealers were fined and warned during the period of FY 2009-10 to FY 2013-14.
During the same period, four issue managers were fined, whereas five were warned for not playing their due roles in managing the IPO (initial public offering) proposals.
The securities regulator fined one CA firm, whereas eight CA firms were issued warning letter during the period of FY 2009-10 to FY 2013-14.
Two credit rating agencies faced warning letters during same period.
By taking into account the other allegations of issuer companies and stakeholders, the securities regulator also took 113 measures during the period of FY 2009-10 to FY 2013-14
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