KATHMANDU: The Nepal Stock Exchange (NEPSE) has placed Broker Number 101, Apple Securities Pvt. Ltd., under a three-day suspension. The action was taken for failing to clear and settle transactions within the specified time frame.
According to Santosh Acharya, Senior Officer of NEPSE’s Supervision Branch, the suspension follows a directive issued by CDS and Clearing Limited on Sunday.
During the suspension period, no shares can be bought or sold through Apple Securities. Consequently, customers of the broker will also be unable to use its services.
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