DHAKA: The Securities and Exchange Commission directed the surveillance departments of country’s two stock exchanges to monitor the activities of the country’s 30 top broker houses at least once a year.
 
This decision was made in a meeting of SEC market-surveillance committee recently and a further direction would be issued in this concern soon, said an SEC official.

As per the decision, activities of the remaining broker houses would be checked at least once every two years. Besides, the committee would investigate any irregularities of these houses in share transactions.     

The meeting was also told that the role of stock exchanges’ primary regulators is very vital to the capital market. “Specially, the bourses could ensure fair transactions through securities houses.”

But, it was stated, the monitoring activities of both bourses are not enough for the share market.

According to the commission, the surveillance activities of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) should be far stronger and stricter for the requisite checks and balances.

BDST: 21:00 HRS, AUG 16, 2010.