Bangkok, February 10, 2006 ? The SEC has put an investor contact in functioning as investment advisor on probation for providing investment advice on a website based on rumors and unverified news information. Nattha Rungwong used rumors or news pieces that had yet to be confirmed by reliable, related parties as a basis for his advisory comments such as rumors of big lot purchases of certain securities by major investors or foreign funds and news of high dividends of a listed company supposed...
This is in response to a widely spread rumor in some brokers? dealing rooms in Bangkok and other provinces that, today, the 10% collateral requirement for cash account will be abolished. Mr
. Anchanbutr mentioned, the SEC will strictly take legal action against the wrongdoers on an impartiality basis. In case of rumor, although it is difficult to find the source, what the authorities can do is to
MOF, BOT, SET and SEC jointly established a system for verifying news and rumor having impact on securities trading. While the SET will be the center for contacting and checking facts regarding
, during October 14 and 15.? ?We have been on the alert since the very beginning of the rumor spread on October 14. Apart from close monitoring and examination of trading activities and market conditions