Sebon union on warpath

Securities Board of Nepal (Sebon) -the regulatory authority of the capital market -is in trouble since last week due to the dispute between the union and Sebon's chairman. The union closed the office of the chairman last week saying chairman Dr Soorbir Poudel was not serious about solving the problems of the secondary market. “From today all the departments of the Board have been padlocked,“ said the union members.