BANGKOK -- The accounting scandal at wire maker Stark, formerly one of Thailand's top 100 listed companies, did more than turn the company's shares into a penny stock. It spurred regulators to come up with new listing and reporting rules aimed at curbing backdoor listings in Thailand, the path Stark took to become a listed company.
Regulators are facing calls to investigate auditors and stock brokers that failed to spot Stark's questionable practices. (Source photo by Getty and logo from Stark's website)
Market Spotlight
How Thailand's Stark covered up debt and losses at Vietnam wire maker
Regulators pressed to tighten rules on backdoor listings, earnings reports
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