Brokers agree to downsize proprietary portfolios | Bangkok Post: business

Business > News

Brokers agree to downsize proprietary portfolios

- +

The Association of Securities Companies (Asco) has agreed to lower the ceiling for proprietary trading to 50% of shareholders' equity from 75%, effective Nov 1, but the size of the extra fee on day-trade accounts of stockbrokers has not been finalised. 

Pattera: Brokering fairness for all sides

The decision comes after the Securities and Exchange Commission said it will scrutinise the brokers' trading accounts following retail investors' complaints the brokers profited at their expense.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

2 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments