Dhaka, April 9 -- The Bangladesh Securities and Exchange Commission (BSEC) has imposed a total fine of Tk 1 million on two brokerage firms for breaching securities regulations.

The decision was taken at the 950th commission meeting held on Wednesday at the BSEC headquarters in Agargaon, Dhaka, with BSEC Chairman Rashed Maksud in the chair.

According to the meeting's resolution, Shahjahan Securities Limited has been fined Tk 0.5 million for breaching securities laws, according to UNB news.

Similarly, Dynasty Securities Limited was fined Tk 0.5 million for past deficiencies related to Comparable Company Analysis (CCA), despite having no current shortcomings.

In addition to the penalties on the brokerage firms, the commission has decided...