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Monday, August 11, 2008

Nepse suspends brokers

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Nepal Stock Exchange (Nepse) has suspended the transactions of two brokers — broker No 5, Market Securities Exchange and broker No 8, Ashutosh Brokarage and Securities — for manipulating the rules. The Nepse has also suspended broker No 5 for three days and broker No 8 for a day.

“Broker No 5 was found manipulating the All Or None system on Thursday,” states a press release. Similarly, broker No 8 has been suspended for a day after it was found guilty during electronic surveillance.
Source: THT

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