BSEC forms body to stop gambling with small firms

The stock market regulator formed a three-member committee to find a way to stop gambling with companies with small paid-up capital.

There are around 70 companies whose paid-up capital is less than Tk 30 crore and these are, often, gambled as their number of shares are little.

Bangladesh Securities and Exchange Commission asked the committee to report within the next 30 working days.

The committee will make a database on these companies and analyse to find a way which suits them, said a top official of the BSEC.

Overall, it will work so that these stocks cannot be an easy way of manipulation, he said.

The members of the committee are Shaikh Shamsuddin Ahmed and Mizanur Rahman, both commissioners of the BSEC, and Mohammed Nazrul Islam, additional director of the regulator.