SEC warns First Security Islami Bank for disobeying its order
The Securities and Exchange Commission (SEC) on Tuesday warned the First Security Islami Bank for non-compliance of the Commission’s directives regarding dissemination of price sensitive information within the stipulated time.
“SEC has warned the Company, its directors, managing director and company secretary for non-compliance of Commission’s order given on December 19, 2000 (and gazetted on February 25, 2001) in connection with dissemination of price sensitive information within the stipulated time,” according to a web post of the Dhaka Stock Exchange (DSE).
On the other hand, the Bank informed that a meeting of its Board of Directors will be held on March 29 at 4 pm to consider, among others, audited financial statements of the Company for the year ended on December 31, 2011, said another DSE posting.
Meanwhile, Prime Islami Life Insurance Ltd has been placed to in ‘Z’ category from the existing ‘A’ category with effect from March 28 as no annual general meeting was held by the company in the year 2011.
The Daily Sun/Bangladesh/ 28th March 2012
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