Thai authorities are looking to bolster rules and controls on listed companies and stock trading after corporate frauds, including irregularities at Stark Corp., dented investor confidence.
Thailand plans to empower its market regulator to investigate criminal activities in the nation’s securities markets after a series of corporate scandals eroded investor confidence.
Proposed legal changes will give the Security and Exchange Commission the authority to probe suspected illegal conduct, said Kitipong Urapeepatanapong, chairman of the Stock Exchange of Thailand. The amendments will speed up imposing charges and punishment against violators, he said.
