SEC stands against paper adds of Banks regarding their investment

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SEC stands against newspaper adds of Banks regarding their investment.Last weak, four Banks announced their decision of investing around 900 crore tk in share market.They used print media to advertise about their upcoming investment.All daily newspapers advertised a copy of their press release regarding their agreement on investment.last on Tuesday NBL also advertised on daily newspaper about their investment of 300 crore tk which compelled SEC to take some immediate action.They discussed the matter and later issued a press note to stop any further advertising of any   kind of institutional buy.Their spoke person said it is surely against the security act.

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