Three “Rogue Brokers” Face Action from Securities Board: Further Penalties Warned

Kathmandu: The Nepal Securities Board has taken regulatory action against three broker companies for violating provisions of the Asset (Money) Laundering Prevention Act, 2008 (2064 BS). According to the Board, the action was taken against the companies for breaching Section 7(a), Sub-section 4 (d), and Section 7(c) of the Act. The broker firms facing action…