BSEC to probe rumour on share price prediction using social media

Staff Correspondent | Published: 19:51, May 24,2021 | Updated: 20:44, May 24,2021


The Bangladesh Securities and Exchange Commission on Monday decided to probe into spreading rumour regarding the prediction of share price and undisclosed information using social and other media platforms from January 2021.

The BSEC issued an order regarding the matter on Monday.

The regulator formed a four-member investigation committee headed by its director Rajib Ahmed to investigate the matter.

The regulator noticed fraudulent activities on share trading in the stock exchanges through social and other media including Facebook, Whatsapp, Linkedin and Youtube.

The probe committee was asked to complete the inquiry and submit a report to the commission within 30 working days.

BSEC executive director and spokesperson Rezaul Karim told New Age that stern action would be taken against the people who would be found involved in such fraudulent activities.

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