The Association of Securities Companies (Asco) and its members have proposed the Securities and Exchange Commission (SEC) adjust the regulations regarding stock manipulation in the aftermath of the More Return Plc (MORE) scandal.
The case of MORE, which is listed on the Market for Alternative, has caused damage to retail investors and the credibility of the Thai stock market as a whole, said Asco president Pichet Sithi-Amnuai, who accompanied representatives yesterday from eight brokers to submit a letter to SEC secretary-general Ruenvadee Suwanmongkol.
