given by the board and thus the transaction needed prior approval from the IEC board of directors. His acts caused IEC to have burden on loan guarantee in the amount of B1,178 million and were in
Bangkok, August 10, 2011 - The SEC and the Economic Crime Division of the Royal Thai Police (ECD Police) raided and filed a criminal complaint against {X1} Co., Ltd. and related persons for undertaking derivatives business without license. In combating and suppressing against illegitimate businesses, the SEC also alerts investors in this matter and strongly advises them to check whether the soliciting companies are authorized by the SEC prior making investment decision.On August 2, 2011, the SEC...
The Securities and Exchange Commission (SEC), in collaboration with UN Women and the Thai Listed Companies Association (TLCA), organized a workshop on "WEPs Principles to Actions." The opening
Bangkok, June 7, 2016 ? The SEC has imposed a 10-year revocation of approval on a capital market investor consultant by the name of Pornthip Deesuk for performing duties dishonestly with the intention to conceal the fact and fabricating false evidence. She was employed by Phillip Securities (Thailand) Public Company Limited at the time of committing such offenses. Following a referral from Phillip Securities (THAILAND) and the SEC?s further investigation, it was revealed that Pornthip had use...
After STARK had failed to prepare and submit its financial statements for the year 2022 within the specified period as required by law, the SEC, by virtue of Section 58 of the SEA, instructed the company to clarify its plan for the preparation and submission of such financial statements, including the repayment of all bonds issued by the company together with the possible impacts on investors, so that investors can have information for decision-making. At the same time, STARK was also instructed...
individuals colluded to commit fraudulent acts in the procurement of equipment from foreign suppliers and/or the procurement of software programs for the construction of solar plants of EA through the aforesaid
affected client. Nuchanart’s demeanors above were wrongful acts against investors, which were deemed failure to perform duties or give services with loyalty in accordance with the Notification of the
damage at the amount of 20,000 baht. SEC has considered that Sorrapon failed to perform duties with loyalty* by committing wrongful acts against the investor’s asset, which was deemed a prohibited
dishonest acts against clients? assets, using clients? trading accounts to seek their own personal gains and acting beyond their scope of duties.Veerachai and Jakkrit worked at Capital Nomura Securities
Bangkok, 15 March 2017 - The SEC has suspended two securities investment consultants, {A} for failing to perform duties with deliberation as a professional, and {B} for performing duties or providing services dishonestly. Both persons were working at Bangkok Bank Public Company Limited (BBL) at the time of their misconduct.In the case of {A}, BBL's inspection report and the SEC's further investigation have revealed that he confirmed with a customer that the RMF units the customer had bought in 2...