STOCKS
SEC: More speculation curbs likely
- Published: 1 Mar 2013 at 00.00
- Newspaper section: Business
The Securities and Exchange Commission (SEC) will come up with new measures to clamp down on speculation if its latest move fails to curb overheating.
Secretary-general Vorapol Socatiyanurak said the latest measure will extend the cash-advance trading period for stocks with high turnover to six weeks from three, effective from today..
He said the SEC will monitor market feedback if speculation remains at a level that could harm investors, as many stocks were trading heavily until their price-to-earnings (P/E) ratios had skyrocketed far from their fundamental value.
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