The Bangladesh Securities and Exchange Commission (BSEC) has once again cautioned against spreading misinformation and rumors on online platforms, including social media, regarding the stock market. In this regard, the commission has stated that it will take legal action against those involved in spreading various rumors, including providing prior warnings about the market situation or share prices.
This information was conveyed through a notice sent from BSEC on Sunday (March 17).
The notice states that various baseless rumors and false information are being spread purposefully through online platforms, including social media, regarding the stock market. Such information is inherently inaccurate. The dissemination of any form of false information and rumors related to the stock market through cyberspace, including the publication of unverified information, predictions about share prices, or future projections, constitutes a punishable offense under the Cyber Security Act, 2023. Therefore, all stakeholders of the stock market and investors are urged to refrain entirely from disseminating or promoting such rumors and false information in the interest of the stock market and investors.
Furthermore, it is emphasized that individuals involved in purposefully spreading baseless rumors and false information should be cautious, as immediate legal action will be taken against them through appropriate measures to ensure compliance with the law.
