Dhaka, Bangladesh (BBN)-The securities regulator on Tuesday slapped a fine worth BDT 0.3 million on Harun Securities for breaching margin loan related securities rules, officials said.
The decision was taken at a commission meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).
The BSEC Executive Director Mohammad Saifur Rahman said the commission imposed the penalty based on a probe report filed by the BSEC officials.
As per the probe report, Harun Securities breached securities rules by providing margin loan with its directors and office staffs.
The company has also disbursed margin loans without ensuring any loan agreement with the clients.
Harun Securities has also disbursed margin loans against the ‘Z’ category securities and breached another clause of margin loans.
BBN/BB/ANS-22July14-8:00pm (BST)
