mobile

SEBON Warns Against Market Manipulation: Strict Actions To Be Taken

By Bishal Deep Basnet on Nov 14,2017 - 14:34

SEBON had recently planned to launch a fully automated trading system on November 12. However, the plan had to be brought to an end as the system was unable to replace the semi-automated trading system that is functioning currently.

It has come to light that the developer for the new automated software is still working on the software, so the new system has been delayed.

SEBON has been receiving a large number of complaints from investors. SEBON has put out a strict warning to merchant bankers and sharebrokers to not release sensitive information.

The release of sensitive information has been directly linked to the manipulation of the secondary market. 

With this warning in effect, SEBON also put out a warning that no comments are to be made of any certain price of a company or sub-index and if these warnings are violated, strict action is to be taken.

This is a good news for the overall stock market as the chances of market manipulation are very minimal as SEBON itself is now taking action against it. The automated system will probably be delayed for a few months, which is a rough estimation. 

Tags -  SEBON , Business , Nepal , Secondary Market

SUGGESTED ARTICLES

img
Sagarmatha Cement: One of the strongest cements in Nepal

Sagarmatha Cement was officially launched in June 2013, by Ghorahi Cement Industry. Sagarmatha OPC complies with Nepal Standards and it was at the time working for international recognition by obtaining the ISO 9001 certification. Sagarmatha Cement is known for its strength which ranges from 55-60 megaPascals. A cement with 53 megapascals is considered to be of high grade. So...


by Bishal Deep Basnet | Jun 13

img