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...
Facebook Page ชื่อ Manage future trade : Unlicensed securities and derivatives business (Disclosure Date : 16/07/2024)
Facebook page “Manage Mutual Funds” impersonates “BBL Asset Management Co.,Ltd” : Unlicensed securities and derivatives business (Disclosure Date : 02/09/2024)
Nowadays, asset management companies are required to separate investors’ asset from the companies’ ones and introduce measures to protect investors’ assets for other benefits. Asset management companies also appoint custodians approved by SEC to safely keep the assets of investors.However, SEC intends to amend the regulations to give permission for asset management companies with a custodian services to protect investors’ asset and stringent supervision on asset separation to keep private...
Facebook Page ชื่อ Manage future trade - ยังไม่ได้รับใบอนุญาตธุรกิจหลักทรัพย์/สัญญาซื้อขายล่วงหน้า (วันที่เปิดเผยข้อมูล : 16/07/2567)