Fines for ‘naked short selling’ hiked substantially, to minimum of B1 million
PUBLISHED : 19 Oct 2024 at 15:09
The Stock Exchange of Thailand (SET) has announced a more stringent fine structure for member brokerages, including a substantial increase in the penalties for so-called naked short selling.
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Fines for ‘naked short selling’ hiked substantially, to minimum of B1 million
PUBLISHED : 19 Oct 2024 at 15:09
The Stock Exchange of Thailand (SET) has announced a more stringent fine structure for member brokerages, including a substantial increase in the penalties for so-called naked short selling.
Effective from Nov 1, the fine for a naked short-selling offence will triple to three times the illicit profits, with a new minimum penalty of 1 million baht. Previously, the penalty merely matched the profit without a baseline fine, the SET said in…