Thailand plans rules on stock manipulation

August 27, 2014

BANGKOK: Thailand is planning new rules to check stock-market manipulation by allowing the regulator to file civil lawsuits and impose hefty fines on law breakers. The rules take inspiration from the success of United States regulators in getting monetary settlements, Vorapol Socatiyanurak, secretary-general of the Securities and Exchange Commission, said yesterday. A bill with the proposals has been sent to the National Council for Peace and Order. “We hope the new legislation will scare any stock manipulators,” Vorapol said. Bloomberg