Investors Falling Victim to Illegal Pre-IPO Schemes Amid IPO Approval Delays

Banking News – Delays by the Nepal Securities Board (SEBON) in approving Initial Public Offerings (IPOs) have created an opportunity for intermediaries to promote illegal pre-IPO investment schemes, exposing retail investors to significant financial risks. With the formal IPO approval process remaining stalled for an extended period, market observers say an unregulated parallel market for…