Abstract:
The Securities and Exchange Commission (SEC) was established on 8th June, 1993 to
regulate the stock market and prevent corporate abuses relating to the offering and sale of
securities and corporate reporting. The SEC was given the power to license and regulate
stock exchanges. SEC has made every effort in strictly supervising the compliance of
various laws, rules and regulations. Already they have developed some laws and made
amendments to make the stock exchange function more effectively.
Bangladesh being a developing country, security market is very important source for the
growth and development of the industrial section. SEC is working for a healthy economic
capital, active administrated securities market. But SEC it self is not smooth & efficient.
There are few problems has been arise after it established.
SEC is working on some new projects and plans. SEC introduce an online database
called EDGAR from which investors can access this and other information filed with the
agency. In the same online system also takes tips and complaints from investors to help
the SEC track down violators of the securities laws.
Apart from the macro policy of contributing to the development of the national economy
through harmonization with monetary policy, securities policy dealing with securities
houses and markets, generally pursue three broad objectives- Firstly, to improve the
efficiency of securities market. Secondly, to ensure the stability and soundness of the
financial system. Thirdly, to protect investors rights.
In this paper I have shown the different departments and functions of the SEC. In the
second and third section I have tried to discuss the reforms that SEC has made in the
primary and secondary market. In the forth section I have discussed some of the
amendments made by the SEC. In SEC four I have provided some recommendations for
the improvement of regulatory systems of Bangladesh capital market finally, section five
contains a conclusion.
Description:
This thesis submitted in partial fulfillment of the requirements for the degree of Bachelor in Business Administration of East West University, Dhaka, Bangladesh
