Today (February 23, 2004), the meeting between the Office of the Securities and Exchange Commission (SEC) and the Association of Securities Companies (ASCO) agreed on ASCO?s proposal concerning preventive measures on risk arising from abnormal trading as follows: Shares prohibited from margin loan and net settlement should be applied only to 1. shares with one-week turnover ratio of 100% or over, and 2. shares with P/E ratio of 100 or over or company with net loss. Such prohibitions sho...
This is in response to news on a website stated that the Office of the Securities and Exchange Commission (SEC) will prohibit margin loans and net settlement for shares having turnover ratio of more than 40% or high P/E ratio or operating loss or being in the REHABCO sector. The SEC would like to clarify as follows: - The Association of Securities Companies (ASCO), with its good intention to help prevent settlement risk and market manipulation, has conducted a hearing among its members...
For greater transparency and fairness of the allocation of initial public offering (IPO) or public offering (PO) securities, the SEC approved draft rules prohibiting the allocation of IPO/PO securities to mutual funds of related parties. Such mutual funds of related parties are as follows: (1) a mutual fund that more than 50% of the total investment units sold are held by related parties, or (2) a mutual fund that not more than 50% of the total investment units sold are held by related parties,...
Bangkok, January 9, 2009 ? With reference to the SEC?s earlier complaint filed with the Department of Special Investigation (DSI) against S.E.C. Auto Sales and Services Plc.?s ("SECC") chairman Sompong Witthayaraksan and four accomplices on the grounds of defrauding and misappropriating the company?s assets by falsifying documents to deceive the company into paying money for the purchase of non-existent cars for the benefit of themselves or other persons, causing the company to suffer substantia...
Under the SEC’s policy, digital asset business operators are not allowed to provide or support deposit taking and lending services to prevent possible damage to digital asset investors and the public in the possible event of service discontinuance or financial problems that may occur on a continuous or concurrent basis among service providers as has recently been the case for foreign counterparts. In addition, the draft regulation is expected to further clarify the scope of supervision of digita...
The Secretariat Office of the Teachers Council of Thailand, the Ministry of Education (MOE), the Securities and Exchange Commission (SEC), and Junior Achievement Thailand (JAT) have signed a
destination. This initiative representsanother significant achievement on the part of the ACMF in promoting a facilitativeand efficient environment for greater intra-ASEAN activity.?Dr. Vorapol Socatiyanurak
equity market growth and to serve the needs of the real economy worldwide. The most important achievement of the meeting was the adoption of a Guide to strengthen corporate governance through effective
category will be awarded with the Recognition of Achievement Plaque from Her Royal Highest Princess Maha Chakri Sirindhorn. The second and third runners-up will receive the SEC plaque and the AOP plaque
?SECID=7715 SEC and SET run a joint public hearing on the proposed prohibition of investment company characteristics in issuing and listed companies : * Consisting of the laws and regulations concerning