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WSFS Financial Corporation (NASDAQ:WSFS) Q4 2023 Earnings Call Transcript January 26, 2024 WSFS Financial Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello, and welcome to the WSFS Financial Corporation Fourth Quarter Earnings Call. All lines have been placed […]

The Securities and Exchange Commission in Thailand is implementing a policy to rebuild confidence among stock investors and elevate the Thai capital market as a funding and saving destination. They are investigating developments surrounding STARK and MORE shares, regulating digital assets, and monitoring the government's economic stimulation measures.

The total value of securities traded on the Stock Exchange of Thailand is expected to decrease this year from 2022 as concerns about the global economic slowdown and US interest rate hikes affect investor confidence, says the Association of Securities Companies (Asco).

MAI-listed More Return (MORE) yesterday reported a huge drop in net profit for last year and the appointment of an acting chief executive following the resignation of Ummarit Klomchitcharoen, who has entered the investigation process into the company's alleged share price manipulation.

The Civil Court on Thursday ordered the temporary seizure of 4.47 billion baht worth of assets linked to parties accused of manipulating the share price of More Return Plc (MORE).

Ummarit Klomchitcharoen, president and chief executive of More Return (MORE), on Monday informed the Stock Exchange of Thailand (SET) of his resignation after being accused of manipulating the company's share price, along with 17 others, in November last year.

Shares of More Return Plc (MORE) fell after the Anti-Money Laundering Office (Amlo) decided to confiscate 4.5 billion baht worth of assets from people involved in the company’s alleged fraudulent transactions in November last year.

2023 should be the first time in three years Thailand can fully return to normal practices after Covid-19 was downgraded to endemic in October 2022. Yet busineses still need to stay alert to several obstacles on the horizon.

The Association of Securities Companies (Asco) and its members have proposed the Securities and Exchange Commission (SEC) adjust the regulations regarding stock manipulation in the aftermath of the More Return Plc (MORE) scandal.

The Anti-Money Laundering Office (Amlo) has impounded the assets of suspects in the irregular trading of MORE Return Plc shares.