The ministry of finance called strengthening capital markets literacy activities to raise awareness among investors to build sustainable stock markets for future generation.
The ministry has given some specific directives to Bangladesh Securities and Exchange Commission (BSEC) as part of government’s initiative to reform the sustainable capital market.
The Financial Institutions Division (FID), a wing of the finance ministry, has sent a letter with the directive to the BSEC chairman recently.
The letter asked BSEC to enhance surveillance so that no company or institution can enter or exit the capital market illegally. At the same time, the letter mentioned that a team of finance ministry will keep a close watch on the markets, so that no dishonest syndicate can influence the capital market through manipulation.
The letter also directed BSEC to keep close observation on the companies, stakeholders or institutions’ share transactions in the capital market, and bring suspicious transactions under special scrutiny.
The letter has also called for instant legal action if any company is found involved in anything illegal and strengthens coordination with all organizations involved in the capital market.
Source: United News of Bangladesh