2024-05-20 22:22:45
The regulatory physique Bangladesh Securities and Alternate Fee (BSEC) has once more warned concerning the unfold of false data and rumors on social media and on-line platforms concerning the capital market. Together with this, strict motion has been taken in opposition to these spreading rumours.
This data was knowledgeable in a press launch signed by BSEC government director and spokesperson Mohammad Rezaul Karim on Monday (Might 20).
In keeping with the press launch, ‘lately, it has been noticed that on-line platforms together with social media, on numerous problems with the capital market, equivalent to: the index will lower or enhance on a selected day or time, or disinformation, spreading false and fabricated details about any individual associated to the capital market or Propagation of statements and ideas by way of audio and video clips on numerous platforms together with Messenger and WhatsApp, advising to purchase or promote a selected share or stating that the share worth of a selected firm will lower or enhance with out correct details about the lower or enhance within the share worth; Spreading baseless details about firms in a selected sector. With out the analysis knowledge and evaluation of unbiased analysis teams, baseless data is being unfold concerning the inventory market.’
It additional states, ‘Intentionally spreading rumors and false data or making unfounded predictions concerning the market is in opposition to the curiosity of the market and the final investor. Spreading any sort of false data and rumours, together with unpublished data associated to the inventory market, predictions or predictions of assorted share costs of the capital market on the Web and on-line platforms together with social media, is a punishable offense below the Cyber Safety Act, 2023. Subsequently, to guard the pursuits of the inventory market and traders, all people, establishments and organizations associated to the inventory market are requested to utterly chorus from publishing or selling such false and unfaithful data or rumours.
Apart from, those that intentionally unfold baseless rumors and false data are warned that those that are concerned in such actions or publishing or spreading false data, shall be instantly introduced below the legislation by taking acceptable motion in opposition to them. Strict motion shall be taken in opposition to those that are spreading baseless rumors and unfaithful data on numerous problems with inventory market or attempting to mislead traders by spreading baseless predictions concerning the market.