of Clustered Data Thai investors are classified into three clusters using investment proportions (Proportions of their money allocated to each investment type) Cash Holder 444 20% Old-Fashioned 1,573

allocated to each investment type e.g. cash deposit, stock market, real estate, gold, TFEX, and T-bond) as clustering variables. Three investor clusters are uncovered, namely, cash holders, old-fashioned

required by the SEC.​             2.1.3 Prohibited Characteristics of Auditors  (1) ​​being put under receivership by the court's order; or being an insolvent, incompetent or quasi- incompetent person; (2

director or executive’s full name ] Part 2: Characteristics Indicating Untrustworthiness 1st Group Characteristics (1) I am an insolvent person. [ ] Yes [ ] No (2) I am an incompetent or a quasi-incompetent

having any of the following characteristics shall be deemed to have untrustworthy characteristics: 2 (1) being an insolvent person, an incompetent or a quasi-incompetent person; (2) being banned from

of directors and executives of issuing companies.​   ​ Qualifications of a director Not having untrustworthy characteristics. For example: Being an insolvent person or an incompetent person Being

director or executive’s full name] Part 2: Characteristics Indicating Untrustworthiness 1. Being a person having any of the following characteristics: (1) I am an insolvent person, an incompetent or a quasi

receivership, being an insolvent, an incompetent or a quasi-incompetent person; 3 (b) having been sentenced to imprisonment by the court’s final judgment as a result of guilty in market abuses of securities or

being an insolvent, incompetent or quasi-incompetent person; (2) being a certified public accountant whose license: (a) is being suspended by the ethical standards committee under the law governing

approval is revoked or suspended for the remaining approval period by the SEC.          7.  Prohibited characteristics (1) being put under receivership by the court's order; or being an insolvent