Directive prohibiting Managing Directors/CEOs of specified stock dealers/brokers from duties for 30 days

The Securities and Exchange Commission prohibits six named individuals from performing any duties or activities as Managing Directors or Chief Executive Officers of their respective stock dealers or stock brokers affiliated with the Dhaka Stock Exchange Ltd. or Chittagong Stock Exchange Ltd. for a period of 30 days from the date of issuance. The directive applies specifically to Mr. Md. Rezaur Rahman, Mr. Kamrul Aziz Nippon, Mr. Md. Manjum Ali, Mr. Kazi Fariduddin Ahmed, Mr. Pankaj Roy, and Ms. Ashrafun Nessa. This prohibition takes immediate effect upon the issuance of the directive.

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No. SEC/SRI/DSE-Policy/14/2010/12 January 20, 2011 DIRECTIVE Whereas, the Securities and Exchange Commission deems it to be proper that in the interest of investors and capital market, activities of Managing Directors/Chief Executive Officers of certain stock dealers/stock brokers shall be regulated; Now, therefore, the Commission, in exercise of power conferred on it by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), hereby prohibits the following persons from performing their all sorts of duties/activities as Managing Directors/Chief Executive Officers of the respective stock dealers/stock brokers of the Dhaka Stock Exchange Ltd./Chittagong Stock Exchange Ltd. for next 30(thirty) days from the date of issuance of this directive:

Mr. Md. Rezaur Rahman, Al Arafah Islami Bank Ltd.
Mr. Kamrul Aziz Nippon, DBL Securities Ltd.
Mr. Md. Manjum Ali, NCCB Securities and Financial Services Ltd.
Mr. Kazi Fariduddin Ahmed, PFI Securities Ltd.
Mr. Pankaj Roy, Alliance Securities and Management Ltd.
Ms. Ashrafun Nessa, IIDFC Securities Ltd.
This directive shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker
Chairman.

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Lineage: In force

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Source: Bangladesh Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works