business which undertakes custody of clients’ assets in relation to securities borrowing and lending business; (3) money paid for subscription of securities which a securities company receives from
Ref. No. U.SET 026/2018 30 May 2018 Subject: Subscription of 30 Percent of Newly Issued Shares in Vienna House Asia Limited To: The President The Stock Exchange of Thailand U City Public Company
then asked the client to transfer the subscription money into her own banking account without actually using the money to buy such shares for the client; (2) In July 2017, Nutnicha borrowed shares of
newly issued shares exclusively to the existing shareholders at a subscription amount not exceeding their holding proportion. PPO requires approval of the shareholders’ meeting and the newly issued shares
at the time, was committing wrongful acts against clients’ assets through misappropriation of their subscription money for mutual fund investment. In so doing, she fabricated and submitted false
entitled to subscribe for the shares at least 14 days before the subscription date, and the offering for sale of the existing shares shall not be advertised to the public. In addition, SEC has proposed an
subscription order of a client without contacting or giving advice to the client. She admitted having done so without providing details on the fund to the client. The SEC has therefore imposed a 40-day
Infrastructure Trusts (No. 4) dated 6 March 2017 (effective on 1 June 2017). 3 (1) amount and offering price; (2) period of the offering; (3) detail on the subscription, underwriting and allotment of the units; (4
personnel, the intermediary shall govern its personnel to comply with such standards. Clause 10 An intermediary shall not make a contract with a client in a manner of release or limit its liability for damage