New Age, 26 July 2012
The Security and Exchange Commission has asked four commercial banks to submit their stock market investment details after they published newspaper advertisements in the last few days announcing to investment Tk 1,200 crore in the market.
In separate letters the SEC on July 23 asked the banks to submit information about the names of brokerage houses which will handle their investment, whether the funds have already been submitted to any brokerage houses and in how many days the investment would be made.
The banks were instructed to provide the information by July 31.
The SEC in a statement on Tuesday asked companies not make any such investment decision public as such practice was out of securities law.
In the last few days, Pubali Bank announced to invest Tk 500 crore, National Bank Tk 300 crore and Exim Bank Tk 200 crore in the stock market.
The NCC Bank and Standard Bank also announced to invest Tk 100 crore each in the stock market.
Bangladesh Economy 
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