Senior Reporter: ‘Just inbox the best item in history’, ‘Double in a week’, ‘A little money can change your life, get it inbox’ and ‘Inbox if you want to block sales’. The cycle of manipulating the stock market is confusing.
A few circles are cheating investors with money by promising to give items. The Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, has stepped in to protect ordinary investors from this cycle.
A team of the commission is examining the Facebook pages and groups run on the capital market from January to June 15 this year. Of these, more than 50 pages and more than 300 people have been identified. The commission is sending letters to BTRC to bring the pages under the law.
Investor SM Aminul Islam said, “A person with a Facebook account named ‘Sumon DSE’ took Tk 500 from me with an item saying that Robi’s share will go up to Tk 80 in a week.” I bought Robi’s shares and caught his words. I bought Robi Axiata shares worth Tk 40,000 and now I see that it stands at Tk 32,795. Loss of 6 thousand rupees.
Facebook users named Suraiya Sumi, Naima Farhan and Mizanur Rahman are tempting investors by offering items on Facebook. They are making a profit by selling shares to investors with false information. As a result, many are suffering like Sumon.
According to BSEC data, Suraiya sumi dse wrote, ‘I just got the biggest item of all time in the capital market. If you want to invest a minimum of 20 lakh rupees, write yes and inbox ‘.
A week ago, on June 8, he gave the same status, ‘I have just received the greatest item of all time in the capital market. If you want to invest a minimum of 5 lakh rupees, write and inbox.
On January 10, it was posted that ‘OAL (shares of Olympic Accessories Limited) will be 60 rupees, everyone buys if they have money’. At present the share price is 7 and a half rupees. The stock has sold at a maximum of Tk 9 in the last nine months. That means investors have been misled by fake information. The cycle has knowingly deceived investors.
The same ID was posted last October, ‘Those who need tomorrow’s halted items will make a friend request, it will be doubled in just seven days’ Sumi Bangladesh is a member of the Capital Market Investors Alliance Group. Like him, another 15-20 members are confusing investors in the group.
Naima Farhana, a member of the DSE Profit Club New group, posted on June 14 that ‘(npolymar) employer, safkospinn is still halted. New items Munuspole, Pepperpo are all going on.
In this person’s post, Mohammad Wahidur Rahman commented, ‘Ore batpar safco 2019 item. At that time you said you will get 1000 rupees. When is the 2021 item Safco? Ore cheater, your item will change lives in National Polymer, but some people live in a fool’s paradise, buy National Polymer and get caught in Mainka Chipa and can’t get out. ‘
On May 2, Naima Farhana gave another status, ‘My item Padma Life Insurance pays an interim cash dividend of 25 per cent in one day. SAFCO, VFS, KPCL, Heidelberg Cement all halt. If you want the next item, type yes and give it to the inbox. Those who do inbox will get it. ‘ On May 8, he posted, ‘Inbox if you want 100 times more items.’
He had earlier posted on April 30, ‘Incredible but true. One item will be doubled in 14 working days. If you want the item, write yes and give it to the inbox. ‘ 160 people commented on the post. On the same day, he posted again, ‘Investing a little money can change your life. It will be given in the inbox and those who write in the inbox will get it. ‘
Posted on March 23, ‘Emergency notification National Polymer inbox if anyone wants to block sale. Must be at least 10 thousand shares. I will pay 48 rupees. ‘
Mizanur Rahman, a member of the same group, posted on Friday (June 18) that Sunday’s halt item is a plus 2 hot item ready. It will be halted. Inbox / message to get the item. ‘ Two days before this, i.e. on June 17, he posted ‘Write a halted item to get the latest drawn halted item of DSE and leave a message in the inbox’
Jamis Uddin, a member of the Bangladesh Capital Market Investors Alliance Group, posted on June 18, ‘Will Munna accept 100 ceramics? Similarly, he posted on June 9, ‘It seems that Munnu Ceramic will be halted.’
Nooni Alif posted on June 7, ‘Market is stable, inshallah AIBL Fast Mutual Fund will grow very fast.’ On June 15, he posted, ‘Inshallah, the bank will grow. You can see Standard Bank. As insurance has increased, it is only a matter of time before a 9 taka bank becomes 8 taka. Moreover, the money flow of the banking sector is starting to increase. But in reality there is no similarity. As a result, investors are being deceived.
Professor Abu Ahmed, an economist and capital market analyst, said that only company authorities know the price-sensitive information of a company. There are some investors, who have items in different groups to sell their own hands shares, will double a week. You manipulate the money by selling shares by raising a few rupees through manipulation because you buy. Investors lose money by investing in the hope of making more profit in a short period of time. He thinks that the initiative of the commission in this regard will play an effective role in preventing the manipulation of the capital market.
In this regard, BSEC Executive Director and Spokesperson Mohammad Rezaul Karim said, “With the rise of the capital market, a clique wants to destabilize the capital market by spreading various rumors through social media including Facebook.”
There is another cycle, which is cheating investors with money through development, cash and bank accounts that promise to deliver items. Our investigation committee has identified several such groups and individuals. The list of some identified pages and individuals will be given to the intelligence agencies and BTRC. Their cooperation has been sought.
He said anyone involved in creating rumors in the capital market would not be spared. They will also be brought under the law and will be severely punished.
Rezaul Karim said that some pages have been blocked on Facebook for creating rumors. The persons concerned have been brought under the law.
The BSEC formed a four-member committee on May 24 to nab the rumor mongers. The committee is headed by BSEC director Rajib Ahmed, CDBL’s head of application support. Moinul Haque, DSE Systems and Market Admin Department Head Abu Nur Muhammad Hasanul Karim and DSE Surveillance Department Senior Manager. Mahfuzur Rahman. The inquiry committee was asked to submit a report within 30 working days.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
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