The Securities Board of Nepal (SEBON) has taken strict action against Bhrikuti Stock Broking Company Pvt. Ltd., suspending its brokerage license due to major financial irregularities and regulatory violations.

SEBON stated that the company was involved in unethical practices, including using funds from one group of investors to settle transactions of another. The brokerage also violated standard market rules by allowing share purchases without the required 25% advance payment.

The regulator further revealed that the firm owes approximately Rs. 5.11 billion to investors as of March 2026, raising serious concerns about liquidity risk and investor protection in the capital market.

SEBON warned that continued operation of the brokerage could further destabilize the market and lead to additional losses for investors. During the suspension period, the company has been instructed to clear all outstanding dues and assist clients in transferring their accounts to other licensed brokers.