Thailand to Curb Stock Manipulation With Hefty Fines
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Thailand is planning new rules to check stock-market manipulation by allowing the regulator to file civil lawsuits and impose hefty fines on the law-breakers.
The rules take inspiration from the success of U.S. regulators in getting monetary settlements, Vorapol Socatiyanurak, secretary general of the Securities & Exchange Commission, said in an interview in Bangkok today. A bill with the proposals has been sent to the National Council for Peace and Order, Thailand’s junta leaders.