21 Dec 2009

DSE chief critical of regular SEC interference

Regular interference of theSecurities and Exchange Commission (SEC) creates a chance of misinterpretation in the capital market, DSE President Md. Rakibur Rahman said at an investors' awareness programme organised by Trust Bank in the city Monday.

"There should be no obligation for the merchant banks as they know well how to provide margin loans," the DSE president said.

"The government does not need to hold any road show abroad to create funds for infrastructure development. Non-resident Bangladeshis are waiting to invest in the country through the capital market," he added.

On the other hand, Professor Mohammad Musa, a teacher of the United International University said, "Directions relating to the capital market come from different authorities creating impatience among the investors."

The Merchant Banking Division of the Trust Bank organised the programme to create awareness among the investors. Shah A Sarwar, head of the Merchant Banking Division, was also present at the programme.

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