Monetary penalties: An empirical study on the enforcement of Thai insider trading sanctions

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Sakda Thanitcul Tir Srinopnikom

Abstract

A monetary penalty, as one type of regulatory enforcement tool, can provide a more effective enforcement outcome compared to a conventional criminal prosecution con- cerning the enforcement of an insider trading penalty. An empirical study of cases and interviews showed that a monetary penalty can result in a greater number of people receiving sanctions, greater success of cases, and more flexible enforcement actions, thereby cutting off certain hindrances existing in the conventional criminal prosecution process. Therefore, monetary penalties should be increasingly introduced and incorpo- rated as an alternative enforcement mechanism into other financial and economic laws, for instance, insurance and banking legislation, in order to provide a robust enforcement action.

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How to Cite
THANITCUL, Sakda; SRINOPNIKOM, Tir. Monetary penalties: An empirical study on the enforcement of Thai insider trading sanctions. Kasetsart Journal of Social Sciences, [S.l.], v. 40, n. 3, p. 635–641, oct. 2019. ISSN 2452-3151. Available at: <http://kuojs.lib.ku.ac.th/index.php/kjss/article/view/3030>. Date accessed: 22 nov. 2019.
Section
Research articles