New Chairman of the Securities and Exchange Commission (SEC) Dr Khairul Hossain, who took a hot seat amid wrath of cheated traders in stocks, assured of running regulator’s activities properly so that the investors’ interests can be protected.
He made the pledge when a delegation of Dhaka Stock Exchange (DSE) executive committee led by its president Shakil Rizvi visited him and the lone SEC member at their office in the city Monday.
Emerging from the meeting, DSE President Shakil Rizvi told journalists, “Newly appointed SEC chairman M Khairul Hossain and member Helal Uddin Nejami are very much experienced about stock market. They assured that they would run the commission so that the interests of the investors can be preserved.”
He added: “According to the new chairman, securities law would be amended as it has some inconsistencies.”
He informed that they discussed how to regain the image of the blame-ridden SEC.
Earlier on May 15, Dr Khairul Hossain, chairman of the Investment Corporation of Bangladesh (ICB), was made Chairman of the Securities and Exchange Commission (SEC).
Just after taking office, the newly appointed SEC chairman Sunday vowed to work mainly for making the country’s crisis-ridden stock market stable by restoring confidence of the investors, many of whom complain of being cheated out of their invested money by racketeers.
However, his first job is to put in order the apparently broke house of the stock-market regulator, SEC.
He made the pledge when a delegation of Dhaka Stock Exchange (DSE) executive committee led by its president Shakil Rizvi visited him and the lone SEC member at their office in the city Monday.
Emerging from the meeting, DSE President Shakil Rizvi told journalists, “Newly appointed SEC chairman M Khairul Hossain and member Helal Uddin Nejami are very much experienced about stock market. They assured that they would run the commission so that the interests of the investors can be preserved.”
He added: “According to the new chairman, securities law would be amended as it has some inconsistencies.”
He informed that they discussed how to regain the image of the blame-ridden SEC.
Earlier on May 15, Dr Khairul Hossain, chairman of the Investment Corporation of Bangladesh (ICB), was made Chairman of the Securities and Exchange Commission (SEC).
Just after taking office, the newly appointed SEC chairman Sunday vowed to work mainly for making the country’s crisis-ridden stock market stable by restoring confidence of the investors, many of whom complain of being cheated out of their invested money by racketeers.
However, his first job is to put in order the apparently broke house of the stock-market regulator, SEC.
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