director and executive at the time of the offence, on the ground of insider trading. They were ordered to pay civil fines and return any gains from the offence.*Mr. Suphanan, however, sent a letter asking
represents a gain of 1 percent, while a down-move of one tick only represents a loss of 0.4 to 0.5 percent. Misestimating the profitability of short-term trading strategy 1. If retail investors believe that
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