The Securities and Exchange Commission said it is probing unusual price movement of shares of LOLC Development Finance or NIFL and has already called for information from the CSE. “The SEC has also observed the unusual price movement of this share and has already called for information from the CSE. The SEC too is evaluating the manner in which transactions have taken place. “We have also observed in some social media platforms that this share has been promoted. The Securities and Exchange Commission said if it finds any market malpractice, stern action will be taken against those who have been involved.

Source: The Nation July 01, 2021 07:07 UTC