The Bangladesh Securities and Exchange Commission (BSEC), the country’s capital-market regulator, has ordered the compulsory retirement of 17 officials and reduced the salaries of five others to the lowest level. The decisions were taken at a BSEC commission meeting on Tuesday, August 18, according to the report published on August 19, 2026.

Those sent into compulsory retirement include Executive Director Rezaul Karim; directors Abul Hasan and Mohammad Fakhrul Islam Mazumdar; additional directors Nazrul Islam and Molla Md. Miraj Us Sunnah; and Joint Director Rashedul Alam. The list also includes several deputy directors, assistant directors and personal officers.

The five employees whose pay was downgraded are Assistant Directors Johnny Hossain, Raihan Kabir, Tariqul Islam and Maksud Mila, along with librarian Selim Reza Bappi. Earlier, on July 23, BSEC issued show-cause notices asking the accused officials why disciplinary action should not be taken. The commission had also sent Director Abu Raihan Md. Mohtasin Billah into compulsory retirement earlier this year.