webfact Posted March 16, 2016 Share Posted March 16, 2016 Thailand fines executives for insider tradingREUTERSBANGKOK: -- Thailand's market regulator said on Wednesday it had fined executives at several firms for insider trading amid unprecedented pressure from international and Thai investors for corporate governance reforms.The Securities and Exchange Commission (SEC) in Thailand is seeking harsher penalties under Thai law for financial crimes. A scandal over corporate governance erupted in December when one of the country's largest companies, CP All, kept executives in their positions after the SEC fined them record amounts for insider trading.On Wednesday, the SEC fined executives at Bangkok Insurance Pcl, WHA Corporation Pcl and Siam Global House Pcl for insider trading and other violations of market regulations.Full story: http://www.reuters.com/article/thailand-insider-trading-idUSL3N16O3WS-- Reuters 2016-03-17 Link to comment Share on other sites More sharing options...
leeneeds Posted March 16, 2016 Share Posted March 16, 2016 "Never happened " "Never , never , never, " (executive) "I just watched you do that literally" ! (SEC) " i did not " ( executive ) "well we fine you " (SEC) "oh okay " (executive) " I still keep my job, have more money and leverage " " I am an insider still on the inside" '" what a wonderful life " Chock dee Chock dee ! Link to comment Share on other sites More sharing options...
Prbkk Posted March 17, 2016 Share Posted March 17, 2016 Forget the fines, completely useless. A long period in prison, asset seizure, lifetime bans . This is only an issue now because institutional investors are fed up with the incessant corruption in these listed companies. Link to comment Share on other sites More sharing options...
apetley Posted March 17, 2016 Share Posted March 17, 2016 What on earth is the point in being an executive of a Thai company if you can't profit from dealing in shares with information unavailable to other shareholders? Link to comment Share on other sites More sharing options...
worgeordie Posted March 17, 2016 Share Posted March 17, 2016 When the fines are less than what was gained,nothing is going to change,while crime pays. regards Worgeordie Link to comment Share on other sites More sharing options...
trogers Posted March 17, 2016 Share Posted March 17, 2016 Why would investors bet on a table when the house uses loaded dice? Link to comment Share on other sites More sharing options...
Lee4Life Posted March 17, 2016 Share Posted March 17, 2016 What on earth is the point in being an executive of a Thai company if you can't profit from dealing in shares with information unavailable to other shareholders? I suppose you are right, how are they to survive on their meager salaries? Link to comment Share on other sites More sharing options...
elgordo38 Posted March 17, 2016 Share Posted March 17, 2016 "Never happened " "Never , never , never, " (executive) "I just watched you do that literally" ! (SEC) " i did not " ( executive ) "well we fine you " (SEC) "oh okay " (executive) " I still keep my job, have more money and leverage " " I am an insider still on the inside" '" what a wonderful life " Chock dee Chock dee ! You left out the part where they claimed ignorance of the law. I would be interested in knowing the amount of the fine levied. More than likely will not raise the bar for insider trader. Link to comment Share on other sites More sharing options...
Lupatria Posted March 17, 2016 Share Posted March 17, 2016 I wonder if Mr. Nok Nok is on the list. Link to comment Share on other sites More sharing options...
topt Posted March 17, 2016 Share Posted March 17, 2016 "Never happened " "Never , never , never, " (executive) "I just watched you do that literally" ! (SEC) " i did not " ( executive ) "well we fine you " (SEC) "oh okay " (executive) " I still keep my job, have more money and leverage " " I am an insider still on the inside" '" what a wonderful life " Chock dee Chock dee ! You left out the part where they claimed ignorance of the law. I would be interested in knowing the amount of the fine levied. More than likely will not raise the bar for insider trader. Have a look at the linked article. This is one extract but there is more The SEC said it had fined Siam Global House Chairman Witoon Suriyawanakul 24.3 million baht ($694,000) for using insider information to profit from purchases of ordinary shares and warrants in the company Link to comment Share on other sites More sharing options...
halloween Posted March 17, 2016 Share Posted March 17, 2016 What on earth is the point in being an executive of a Thai company if you can't profit from dealing in shares with information unavailable to other shareholders? Or owning a political party if you can't get access to cabinet meetings. Link to comment Share on other sites More sharing options...
jayboy Posted March 17, 2016 Share Posted March 17, 2016 What on earth is the point in being an executive of a Thai company if you can't profit from dealing in shares with information unavailable to other shareholders? Or owning a political party if you can't get access to cabinet meetings. It is impossible to underestimate the ingenuity of the usual suspects in introducing a reference to Thaksin where it is entirely irrelevant. Link to comment Share on other sites More sharing options...
shirtless Posted March 18, 2016 Share Posted March 18, 2016 Jail time is required , Thailand you are a joke. Link to comment Share on other sites More sharing options...
Ace of Pop Posted March 18, 2016 Share Posted March 18, 2016 They don't remember the Bht crash ,most of the Govenment made a fortune from insider Knowledge. Link to comment Share on other sites More sharing options...
halloween Posted March 18, 2016 Share Posted March 18, 2016 What on earth is the point in being an executive of a Thai company if you can't profit from dealing in shares with information unavailable to other shareholders? Or owning a political party if you can't get access to cabinet meetings. It is impossible to underestimate the ingenuity of the usual suspects in introducing a reference to Thaksin where it is entirely irrelevant. What! No attempt to dissociate illegal access to cabinet meetings to insider trading? Or was that it? Link to comment Share on other sites More sharing options...
rosst Posted March 18, 2016 Share Posted March 18, 2016 Forget the fines, completely useless. A long period in prison, asset seizure, lifetime bans . This is only an issue now because institutional investors are fed up with the incessant corruption in these listed companies. Shame shame shame, why are they not lined up, photographed and their names and details of the transactions shown ?? Come on journalists, who are they ? What did they do ? Specifically, come on tell the world about how corrupt this place can be. Yes, asset seizure and lifetime ban, the only way to slow if not stop this shit. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now