7 brokerage firms suspended in NEPSE as per SEBON direction

Nepal Stock Exchange (NEPSE) has suspended seven brokerage firms from trading as per Securities Board of Nepal (SEBON) direction. According to the notice of the NEPSE, Opal Broking firms Agrawal Securities Pvt. Ltd. (6), Ashutosh Brokerage and Securities Pvt. Ltd.(8), Bhrikuti Stock Broking Company Pvt. Ltd.(55), Creative Securities Pvt. Ltd. (40), Dynamic Money Managers Securities Pvt. Ltd. (44) , Shree Krishna Securities Ltd. (28) and South Asian Bulls Pvt. Ltd. (43) are barred from performing trade today. As per the official of SEBON, “Seven brokerage firms fail to submit regulatory fee within stipulated time frame to SEBON. The companies should pay the fees within a month after completion of fiscal year.  Of the total collection of service charge, broker must pay 0.6% as regulatory fees to SEBON.” The trading of the companies will resume only after payment of regulatory fees, added the official.