Brokers wasting time

Re: “Thailand’s excess laws and red tape”, by Duenden Nikomborirak, ( BP, Jan 13).

Right on Dr Deunden. Just one example is the long practice subscribing to new rights issues on listed companies of the SET. Here, almost all Thai brokers force their investor clients to go to their bank, issue a draft, fill out forms along with signed IDs etc. “It’s the industry practice here,” they say, but it wastes thousands of productivity hours ... and if investors are not on location in Thailand they may even miss it altogether.