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SEC calls for civil charges on fraud

Watchdog is seeking better conviction rate

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The Securities and Exchange Commission will ask the Finance Ministry to amend the law to let the SEC bring civil fraud charges against those suspected of unfair trading practices. 

The SEC has faced jibes of being a paper tiger, as it has no authority to press charges against manipulators. Patipat Janthong

The call for change is an attempt to improve the efficiency of the SEC’s crackdowns.

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