BSEC warns IDLC Investments

The Bangladesh Securities and Exchange Commission (BSEC) has warned IDLC Investments Limited for failing to comply with securities laws.

The warning also covers the company's board, managing director and CEO. BSEC said future violations could lead to enforcement action.

After reviewing the company's written explanation and holding a hearing on October 26, the commission found several instances of non-compliance but decided to issue a warning considering the nature of the violations.

BSEC advised the company to ensure proper compliance with securities laws, adding that the warning would not exempt it from legal liability for any resulting losses.

-AJM