NRBC Bank Securities fined over customer accounts deficit
The commission fined NRBC Bank’s subsidiary securities firm on 10 September
The Bangladesh Securities and Exchange Commission (BSEC) has imposed a fine of Tk5 lakh on NRBC Bank Securities over allegations of a Tk62.76 crore shortfall in its consolidated customers' account.
The commission fined NRBC Bank's subsidiary securities firm on 10 September, according to the enforcement report of the BSEC, which was published in its website today.
According to the enforcement report, an inspection team from the Dhaka Stock Exchange (DSE) gathered information on the brokerage firm's client payable position on 5 July last year and identified a deficit of Tk62.76 crore.
Keep updated, follow The Business Standard's Google news channel
In response to the BSEC's inquiry, the firm's management apologized for the incident during a hearing, according to the enforcement report. They explained that the deficit had been gradually addressed, resulting in a surplus.
Additionally, the management pledged to the commission that they would fully comply with securities laws in the future, the report stated.
