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Stock Exchange of Thailand Stands Firm on Poaching Penalties.

Bangkok Post (Bangkok, Thailand)

| October 02, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nuntawun Polkuamdee

Oct. 2--The Stock Exchange of Thailand is obliged to fairly and equally enforce industry agreements for the overall stability of the securities system, according to SET president Kittiratt Na Ranong.

Offering waivers or exemptions for members who failed to abide by market agreements would only undermine confidence of those members who were in compliance, he said.

On Monday, executives of UOB Kay Hian Securities met with SET chairman Vijit Supinit to protest against the SET's decision to restrict access by the brokerage as punishment for violating hiring agreements among securities firms.

Since Sept 22, UOB ...

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