BSEC has fined Tk. 1.00 lac each to Mr. Abdul Malik (Chairman), Mr. Gulam Mostafa (Vice Chairman), Mr. Bajloor Rashid (Director), Mr. Babel Miah (Director), Mr. Mezanur Rahman (Director), Ms. Nadia Shah (Director), Mr. Kamal Miah (Director), EC Securities (Director), Mr. Nasir A Chowdhury (Director), Dr. Niaz Ahmed Choudhury (Director) Mr. Nazim Tazik Chowdhury (Director), Mrs. Nahid Chowdhury (Director) of Progressive Life Insurance Ltd. for non-compliance with the securities related laws.