LAW ENFORCEMENT OF MARKET MISCONDUCT OF SECURITIES TRADING INTHE STOCK EXCHANGE OF THAILAND

Abstract

The purpose of this dissertation was to study the obstacles of enforcement law of market misconduct of securities trading in The Stock Exchange of Thailand. The Study focus on the obstacles of enforcement law of market misconduct in securities trading of administrative sanction in The Stock Exchange of Thailand  recoguized shareholder and investor rights to intiate civil litigation lawsuit against person who committed acts of market misconduct such as insider trading, Market manipulation securities fraud ect. However private enforcement in Civil Sanction Securities case never been occurred in Thailand. Such obstacles caused from minority Shareholder and investor are inactive in protecting there rights because problem of legal system environment and there is no provision of law of civil class action in Securities case in Thai Civil procedus code so that investor protection in Thailand are at risk. The recommendations and resolutions are that. Thailand Should promoter more enforcement of Administrative Sanction of Market Misconduct in Securities trading because it is easy to enforce Administrative Sanction and Cost of enforcement is not much expensive because such enforcement done by the Securities and Exchange Commission who are independence Capital market regulate of Thai Government. Thailand Should amend the Securities and Exchange law by giving power to SEC to act as plaintiff and representative of Shareholders and investors intiating Civil litigation Claiming damage against wrongdoes of market misconduct in Thailand. Also Thailand Should amend the law by empowering SEC to file to Criminal Court for order defendant to pay monetary civil pendty and compensation to Shareholder and invester who suffered damage of Securities fraud committed by defendant.