Fri, July 27, 2007 : Last updated 23:31 pm
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Exchange defends Live ban
Stock Exchange of Thailand president Patareeya Benjapholchai yesterday defended the bourse's prohibition on net settlement and margin-loan trading in Live Incorporation's shares.
Published on July 27, 2007
Her comments came after a report that individual investors would sue her after the SET banned Live's stock from intra-day and margin-loan trading.
She said the regulator had not acted in a discriminatory way, adding that those planning to sue were those standing to lose out as a result of the ban.
The SET has extended the ban for 30 trading days - from July 25 to September 6 - as irregular movement in terms of price and volume continues.
Without the prohibition, smaller retail investors might feel the pinch from the irregularities, Patareeya
said.
Siriporn Chanjindamanee
The Nation
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