Cash account trades expose brokers
Market regulators are urged to consider cancelling cash account stock trading because the method often creates artificial trading and exposes brokers to distorted share prices.
Chanchai Kultavarakorn, executive chairman of ASL Securities, said the stock market trading value had dropped significantly since the fraud cases involving More Return Plc and Stark Corporation Plc, causing damage to many retail investors.
Speculative trading has decreased significantly, resulting in a lower trading value on the Thai bourse, he said.
Market regulators have yet to impose effective measures to prevent damage from the More Return case, in which…
