The Bangladesh Securities and Exchange Commission (BSEC) has imposed a Tk5 lakh fine on NRBC Bank Securities for a Tk62.76 crore shortfall in its consolidated customers’ account. The penalty was announced on 10 September after an inspection by the Dhaka Stock Exchange, which identified the deficit on 5 July of the previous year. In a hearing, the firm’s management apologized for the incident, stating that they had taken steps to rectify the shortfall and had achieved a surplus. They also committed to full compliance with securities laws in the future.
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