Stock market regulator Securities and Exchange Commission has suggested merchant banks to be flexible in forced sell.
"We've asked merchants banks not to go for forced sell considering human values," SEC executive director Saifur Rahman told reporters after a meeting with the Merchant Bankers' Association leaders at the SEC office in the city on Tuesday.
Newly appointed SEC chairman Dr M Khairul Hossain, member Helaluddin Nizami and acting president of the association Hafiz Uddin Ahmed were also present at the meeting, among others.
To bring back their own money, lending organisations usually sell their shares, bought in margin loan, when their prices go below the loan ceiling.
The finance minister too had urged merchant banks in several occasions to stop forced sell, also known as trigger sell.
Experts say market often goes down due to such sale.
"We've asked merchants banks not to go for forced sell considering human values," SEC executive director Saifur Rahman told reporters after a meeting with the Merchant Bankers' Association leaders at the SEC office in the city on Tuesday.
Newly appointed SEC chairman Dr M Khairul Hossain, member Helaluddin Nizami and acting president of the association Hafiz Uddin Ahmed were also present at the meeting, among others.
To bring back their own money, lending organisations usually sell their shares, bought in margin loan, when their prices go below the loan ceiling.
The finance minister too had urged merchant banks in several occasions to stop forced sell, also known as trigger sell.
Experts say market often goes down due to such sale.
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