During a recent Finance Committee meeting, Chairman Ramesh Kumar Hamal of the Securities Board of Nepal (SEBON) accused a group of 50 brokers of taking away a significant portion, around 70%, of the profits. Chairman Hamal mentioned that he has addressed the investors’ demands over the past 15 years.
Chairman Hamal highlighted that the capital market investors’ longstanding requests for an open broker system and licenses for subsidiary companies of banks have finally been fulfilled. This milestone signifies the first instance in Nepal where three types of broker services have received official licenses.
Disclaimer
The information provided in this article is for general informational and educational purposes only. It should not be interpreted as financial, investment, trading, or professional advice. Market data, company announcements, ratings, and analysis may contain errors, may change without notice, and should always be verified directly from official filings, regulatory disclosures, and company press releases.
Investing in the share market, IPOs, FPOs, mutual funds, insurance products, or any financial instruments carries inherent risks. Past performance does not guarantee future results. Readers are strongly encouraged to consult a licensed financial advisor, investment professional, or legal expert before making any investment decisions. This website and its authors are not responsible for any financial losses, decisions, or actions taken based on the information provided.
