No evidence of naked short selling in Thai stock market, says ASCO

The Stock Exchange of Thailand (SET) and the Association of Securities Companies (ASCO) confirmed that there is no occurrence of naked short selling within the Thai exchange. This comes amidst the Securities and Exchange Commission’s (SEC) request for ASCO members to align their short-sell guidelines with those of the SEC.

Pichet Sithi-Amnuai, ASCO president, revealed that regular inspections of short selling are conducted in collaboration with the SET, which has consistently found no evidence of naked short selling. This statement was made in response to Prime Minister Srettha Thavisin’s claims of detecting naked short selling within the Thai stock market. Pichet suggested that the 61 year old prime minister might be referencing outdated instances.

“I’m not sure where the prime minister got his information from. It might be a misunderstanding or a…