insider trading Thai Stock Market...concerned?

[jippytum]

The top executive of set listed CP ALL part owner has agreed to pay a fine of 30 million baht for insider trading .In an almost laughable defense he stated he had no knowledge his company was about to take over Macro when he purchased a large block of shares prior to the takeover.Three vice presidents and the chief executives daughter where also fined.All involved will pay the fines to settle the matter as ''No one at the company has been asked to resign as the company understands us'' was a quote from the Bangkok Post.

As an investor in the S.E.T for over twenty years the question is . When on the rare occasion fraudsters are identified why no legal action is taken . This demonstrates a lack of authority from the S.E.T. and does great harm to investor confidence.

[AyG]

Discussion under way at http://www.thaivisa.com/forum/topic/876211-fetco-president-calls-for-executives-charged-with-insider-trading-to-resign/

[momtaz]

CP ALL is 7-Eleven convenient store which belongs to CP the food giant manufacturer,

[asdecas]

Hah, during the late '80s/early '90s bull run that was the best way to make money on the SET, foreign investors were thin on the ground and treated somewhat specially. Not so easy now...

[akentryan]

Nothing new here but a normal activity in Thailand. Worked for a Thai brokerage house back before the crash. Common practice to manipulate the price of stocks when it was beneficial.

[KittenKong]

Anyone with time on his hands can always waste it looking for honesty in Thailand.

[Cake Monster]

For many years now, the SET has always been seen as a bourse where only a few are allowed to play and make profits

[jonw8uk]

Any insider tips??!

[NanLaew]

Despite claiming to be an SET investor of long standing, the OP's question would indicate that he doesn't actually live in LOS?

Post #7 nailed it, BTW.

[Nowisee]

I would never put a satang in the SET. No confidence and do not trust it.

Edited December 7, 2015 by Nowisee

[TheCruncher]

Despite claiming to be an SET investor of long standing, the OP's question would indicate that he doesn't actually live in LOS?

Post #7 nailed it, BTW.

Does the OP need to live in Thailand to trade on the SET or post on this forum?

I remember from your posts that you also don't permanently live in Thailand.

[jippytum]

Can't imagine what gave Nanlaew that impression .Have resided permanently for 31 years in LOS

[connda]

As an investor in the S.E.T for over twenty years the question is . When on the rare occasion fraudsters are identified why no legal action is taken .

For the same reason that major international banks have been caught red-handed laundering drug money and other fraudulent activities, and they get a fine that is equal to a few days profit and nobody goes to jail. Sucks huh? That's what happens when the governments are in bed with corporations. Only the 'little people' get send to jail. The elites will occasionally throw one of their own under the bus, but not often.

[phuketandsee]

Why would anyone invest in the SET right now? Unless short selling with a very long horizon

[NanLaew]

Despite claiming to be an SET investor of long standing, the OP's question would indicate that he doesn't actually live in LOS?

Post #7 nailed it, BTW.

Does the OP need to live in Thailand to trade on the SET or post on this forum?

I remember from your posts that you also don't permanently live in Thailand.

Sorry if I was being too obtuse in my initial observation. Please see below.

Can't imagine what gave Nanlaew that impression .Have resided permanently for 31 years in LOS

After 31 years of permanent residence in Thailand, you are asking why there appears to be a lack of oversight and an unwillingness to prosecute any fraudsters when they are identified?

We are talking about the Security Exchange of THAILAND, aren't we?

Post #7 is still correct, BTW.