Bangladesh, Sept. 23 -- The Dhaka Stock Exchange (DSE) has decided to compensate victims of fraud by five brokerage firms with funds from the Investors' Protection Fund (IPF), starting on September 28.

Each of them will receive a maximum of Tk 0.50 million, the regulatory limit, said DSE Chairman Mominul Islam at a press briefing on Tuesday.

As many as 17,925 clients of the brokerage firms - Moshihor Securities, Tamha Securities, Crest Securities, Shah Mohammad Sagir & Co and Banco Securities - have submitted claims amounting to more than Tk 2.50 billion. Of them, 17,332 investors will receive a total of Tk 720 million from the Investors' Protection Fund (IPF).

"The initiative is a milestone for the capital market and an important cha...