The Bangladesh Securities and Exchange Commission (BSEC) has issued a cautionary notice regarding the spread of misinformation and rumors about the stock market on social media and various online platforms. The BSEC stated that a list is being prepared of individuals involved in disseminating such rumors, with strict legal actions to follow promptly.
In a press release signed by Executive Director and Spokesperson Mohammad Rezaul Karim on November 7, BSEC highlighted recent deliberate attempts to destabilize the stock market and the economy through false information and rumors. The notice warned that publishing or sharing any undisclosed information, stock price forecasts, or unverified projections about the stock market on social media or online platforms is a punishable offense. BSEC urged all stakeholders to refrain from spreading such misinformation for the protection of investors and the stability of the stock market.
The notice further clarified that only qualified research analysts, under the BSEC (Research Analyst) Rules, 2013, are authorized to make predictions or forecasts based on in-depth research and analysis. Any individual other than a certified research analyst who issues market forecasts or unsubstantiated information will be subject to legal action.
BSEC assured that it is actively monitoring and preparing to take legal action against those attempting to manipulate investors by spreading baseless rumors or making unverified predictions about the stock market. Investors are advised not to be misled by such rumors or misinformation.
