BANGLADESH: Fine imposed for breach of Bangladesh short selling rules

Wednesday August 28 2013

The Bangladesh Securities and Exchange Commission has fined a stockbroker Tk 5 lakh on charges of Bangladesh short-selling shares in violation of the Dhaka Stock Exchange (Short Sale) Regulations 2006.

The stockmarket regulator imposed the financial penalty on Salta Capital at a meeting chaired by the commission’s chief M Khairul Hossain.

One lakh Eastern Bank shares were traded from Salta Capital everyday between April 8 and April 10 through short-selling on the Dhaka Stock Exchange.

Click on the above link for the Board decision (in Bengali).