Prasong Suwiwatthanachai, a Thai private banking client, recently received an 81 million baht (US$2.6 million) fine by regulators for manipulating share prices on the Stock Exchange of Thailand. Following a tip-off from the exchange, Thailand’s Securities and Exchange Commission (SEC) launched an investigation that led to the discovery that Prasong had used 14 Singapore securities trading accounts to profit from…
Thai private banking client fined US$2.6 million for share manipulation resulting in four-fold price increase
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