DSE cancels TREC of Sonali Securities over rule violation

The Dhaka Stock Exchange (DSE) has cancelled the Trading Right Entitlement Certificate (TREC) of Sonali Securities Limited over violation of securities rules, the bourse said in a notice on Tuesday.

DSE revoked TREC No. 261, issued in the name of Sonali Securities Limited, under Rule 7(3) of the Bangladesh Securities and Exchange Commission Rules, 2020, citing breach of Rule 3(2)(ga) of the same regulations.

It urged all investors and clients of the company to immediately review the cash and securities balances in their respective accounts and settle any outstanding transactions without delay.

DSE also called on investors, clients or other entities with pending claims, complaints or outstanding dues against Sonali Securities in connection with the cancelled TREC to submit written applications, supported by relevant documents, by May 21.

Submissions may be sent to the Chief Regulatory Officer (Acting), DSE or filed online through the Customer Complaints Address Module.