Bangkok, February 19, 2014 - The SEC revealed that the Settlement Committee imposed a fine on {A} in the amount of 25,665,197.13 baht for manipulating share price of Rich Asia Steel Plc. (RICH).{A} was found colluding with other persons to trade RICH shares through 15 related persons? securities trading accounts during May 10 - July 31, 2007. The scheme had considerable impact on RICH share price and volume. In addition, a number of trading orders were also matched within the group to induce the...
Bangkok, June 18, 2014 ? The SEC revealed that the Settlement Committee imposed a total fine of 6,159,269 baht on Yongyuth Ngamkaiwan for using inside information to suggest Vorakun Ngamkaiwan sell Thai Unique Coil Center Plc. (TUCC) shares and Vorapin Ngamkaiwan for using inside information to sell TUCC shares.With the referral from the Stock Exchange of Thailand, the SEC?s probe found that during July 27 ? August 10, 2011, Yongyuth, then CEO of TUCC, told Vorakun to sell 17,475,100 TUCC shares...
Bangkok, January 22, 2014 - The SEC revealed that the Settlement Committee imposed a total fine of 26,665,197.12 baht on {A} as the principal, as well as {B} {C} and {D} as the aiders and abettors, for manipulating share price of Rich Asia Steel Plc. (RICH). With the referral from the Stock Exchange of Thailand (SET) on irregular trading of RICH shares by a group of persons, the SEC probed into the case and found that from May 10th July 31, 2007, {A} in colluding with other persons had t...
Bangkok, June 21, 2013 - The SEC revealed that the Settlement Committee imposed a fine of 500,000 baht on {A} for using inside information to sell shares of {X1} Plc. With the referral from the Stock Exchange of Thailand, the SEC probed into the case and found that {A} had sold 711,300 {X1} shares in a trading account of a juristic person where he is an authorized director and holds 99.98 percent of its shares in the manner that taking an advantage over other investors due to the use of negativ...
Bangkok, July 8, 2013 - The SEC suspended {A} from duty as an approved securities investment consultant for a period of three months.Following investor complaint, the SEC found from communication records between {A}, then a former securities investment consultant of Country Group Securities Plc., and her client that she had been authorized by the client to take care of the account as well as make securities trading decisions on behalf of the client. She then continuously made trading decision...
Bangkok, September 13, 2013 ? The SEC revealed that the Settlement Committee imposed a total fine of 1,652,516.19 baht on Swake Srisuchart for using inside information to purchase Power Line Engineering Plc. (PLE) shares; as well as Usavadee Srisuchart and Perayuth Nark-In for aiding and abetting Swake?s wrongdoing. With the referral from the Stock Exchange of Thailand (SET), the SEC probed into the case and found that from April 7 to 21, 2010, Swake had, via other persons? securities accounts,...
Bangkok, March 10, 2015 ? The SEC revealed that the Settlement Committee imposed a total fine of 500,000 baht on Pantipa Thirakanokvilai for using inside information to sell shares of IT City Plc. (IT).With the referral from the Stock Exchange of Thailand, the SEC?s probe found that during January 31 - February 4, 2013, Pantipa, IT financial controller, had sold 374,440 IT shares through securities trading account of another person for her own or others? benefits in such a way that taking advant...
Bangkok, April 20, 2015 ? The SEC revealed that the Settlement Committee imposed a total fine of 6,254,024 baht on Sermkhun Kunawong, Chief Executive Officer and Director of CMO Plc. (CMO) for using inside information to trade CMO shares along with failure to report the changes of his CMO shareholding and launch a tender offer for CMO shares.With the referral from the Stock Exchange of Thailand, the SEC?s probe found that during April 23 ? May 14, 2012, Sermkhun had purchased CMO shares through...
Bangkok, September 17, 2015 ? The SEC revealed that the Settlement Committee imposed a total fine of 2,820,000 baht on Ratanachai Phatinavin, an executive of Eastern Star Real Estate Public Company Limited (ESTAR) for insider trading.With the referral from the Stock Exchange of Thailand, the SEC probed into the case and found that during February 24-28, 2014, Ratanachai had used another person?s trading account to buy 9,000,000 ESTAR shares based on inside information he learnt as the CEO. Such...
Bangkok, December 2, 2015 ? The SEC Settlement Committee has imposed fines on (1) Korsak Chairasmisak, (2) Piyawat Titasattavorakul, (3) Pittaya Jearavisitkul, and (4) Athueck Asvanund at a total amount of 33,339,500 baht for using inside information to purchase shares of Siam Makro Public Company Limited (MAKRO), and (5) Somsak Chiarawisithkul and (6) Areeya Asvanund at a separate, equal amount of 333,333.33 baht for aiding and abetting in the aforesaid insider trading. According to a referr...