Following the announcement of BX (which formerly operated in digital asset exchange business) that its business operations will completely shut down on 3 April 2020 which means it will stop servicing clients who want to reclaim their assets and will lay off all employees,SEC found out that clients’ digital assets which remained under control or in possession of BX were transferred thereafter to other out-of-control wallets without client’ instructions. That actions incurred losses to other...
The allegation is a consequence of various complaints lodged to the SEC in relation to the increased debt of THB 26,000 million of EARTH following its submission of the financial statement for the first quarter of 2017. The increased debt resulted in a decrease of the shareholders’ equity of THB 10,349 million to become minus THB 15,651 million. In addition, in July 2017 the Board of Directors had resolved to approve that EARTH underwent a business rehabilitation process. The SEC, the...
handling the customer complaint as well as reporting progress and notifying the results provided by the derivatives broker; (3) arrange to have a system to monitor and inspect customer complaint proceedings
technology risks; (2) monitor and analyze potential risks to computer systems relating to trading services with respect to derivatives by recording and maintaining usage information and log files. Chapter 4
firm executives against whom the SEC files a criminal complaint as person of untrustworthy characteristics, active participation of minority shareholders in Extraordinary General Meeting of Shareholders
succeed without having efficient internal units comprising (1) company secretary having duty to monitor the company and its executives to comply with laws and keeping important information, (2) internal
measures to appropriately monitor, control, and manage each type of risks to ensure that these risks can be handled; (3) sufficient funding, appropriate systems and rules for membership and supervision of
security as well as supervise, monitor and examine compliance with such policies, measures, and operating systems, and review the suitability thereof regularly; In the interest of meeting the aforesaid