In 2005-06 fiscal, the SEC disposed of 85.71 per cent of the total complaints while such percentage was 48.57 in the 2004-05 fiscal, sources said.

On the other hand, the number of total complaints also reduced to 84 in the last fiscal from 105 in FY 2004-05.

However, the number of complaints against listed companies in the last fiscal increased in comparison with that in the previous fiscal.

Of the total 84 complaints, 71 were against listed companies and 13 were against brokers/dealers while the capital market watchdog settled 62 and 9 allegations respectively.

Besides, disposal of four allegations is now under process and nine were sent to the enforcement department for legal actions. Of the four allegations, three are under process in the Dhaka Stock Exchange.

Of the total complaints of 105 in FY 2004-05, 67 were against listed companies and 38 were against brokers/dealers while the regulator body disposed of 36 and 15 allegations respectively.

Besides, four allegations were under process and 34 were sent to the enforcement department for legal actions.

Of the 71 complaints against listed companies in the last fiscal, 10 allegations were for not giving announced dividend or delay in giving dividend while two were for not giving interest of debenture or delay in giving interest, three were related to share transfer, 28 were related to primary share, two were about share transfer to BO account and 26 were for miscellaneous reasons.

Of the 13 allegations against brokers/dealers, five complaints were for not delivering share by the broker, three were for not returning money to the investors and five were for miscellaneous reasons.

Talking to The Daily Star, Farhad Ahmed, executive director (Supervision and Regulation of Markets Intermediaries Department) of SEC, said the growth of disposal rate proves that the market as well as the stakeholders are more disciplined now.

Besides, he said, due to strong monitoring and activities of the commission, not only the number of complaints has been reduced but also the rate of disposal increased.