| Author | Petcharat Tongseedang |
| Call Number | AIT RSPR no.SM-06-71 |
| Subject(s) | Stock exchanges--Thailand
|
| Note | A research study submitted in partial fulfillment of the requirements for the
degree of Master of Business Administration |
| Publisher | Asian Institute of Technology |
| Series Statement | Research studies project report ; no. SM-06-71 |
| Abstract | Market manipulation is an important issue especially in emerging markets such as
Thailand. The regulatory authorities have been trying to supervise trading activity in order
to ensure fairness of securities trading and adequate investor protection. Several
regulations and measures have been enacted under the Securities and Exchange Act B.E.
2535 in order to govern manipulative practices but a number of cases relating to fraud
practices are still being examined each year. Several patterns of manipulative trading
behavior have been found. These include pool operation, matching order and wash sale,
series of transaction and price leadership, queue intervention and concealment of other
person's order, entered and subsequently cancelled order, directing the price as well as
market cornering.
The investigation procedure of market manipulation cases involves several agencies
working independently to conduct investigations under their own jurisdiction. The main
challenges in proving and investigating stock market manipulation case are the following
issues: understanding of the parties involved, lack of cooperation between the relevant
authorities, the appropriateness of the laws and regulations application and lack of
effective penalty system to promote deterrence of manipulative behaviors. |
| Year | 2006 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Kouwenberg, Roy; |
| Examination Committee(s) | Donyaprueth Krairit ;Dimmitt, Nicholas J. ; |
| Scholarship Donor(s) | The Stock Exchange of Thailand ; |
| Degree | Research Studies Project Report (M. BA.) - Asian Institute of Technology, 2006 |