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The Bangladesh Securities and Exchange Commission (BSEC), the capital market regulator, has asked the Bangladesh Telecommunications Regulatory Commission (BTRC) to shut down the Facebook page of the ‘Decision Maker’ group, which has been spreading rumors on the stock market. BSEC sent the letter on Thursday (September 24) requesting the closure of the group’s Facebook page. Besides ‘Decision Maker’, BSEC has been closely monitoring several other Facebook groups. Similar measures are being taken against them. BSEC spokesman Mohammad Rezaul Karim confirmed the information.
The number of members of the Facebook group called ‘Decision Maker’ is known to be around 12,000. This group makes various comments on the listing of the shares on the Stock Exchange and various listed companies, which constitutes an offense under the Securities Law.
An earlier order issued by BSEC on September 2 said that everyone should refrain from commenting on social media that predicts the market value of listed securities or anything else that harms investors’ interests.
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