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companies under the Civil and Commercial Code which are not offered for sale through a crowdfunding portal approved by the SEC Office in accordance with the Notification of the Capital Market Supervisory
Experiment and Develop Innovation In Support of Service Provision Related to Capital Market _____________________ By virtue of Section 14 of the Securities and Exchange Act B.E. 2535 (1992), as amended by the
more than 10 years, the total jail term was therefore reduced to 20 years* under Section 91 of the Penal Code. Owing to the fact that the defendant made confession with the SEC, his acts had impacted