net capital. This shall provide a period of time for the business operator to take corrective actions to ensure that the subordinated liabilities portion not considered as total liabilities does not

investment disposal that had a significant impact on the financial statements of the IPO applicant, and the payment of a large sum of consultant fee for services the applicant might never receive; such actions

undertaking. Such actions also showed a lack of transparency and non-compliance with good corporate governance. Therefore, shareholders should take into account such risks, while SCAN should improve and develop

of Section 307, 311 in conjunction with 313 of SEA. His actions in (2) and (3) were deemed divisible offence. The Court, according to Section 90 of the Penal Code, inflicted the punishment on Suradej

No.TorThor/Nor/Khor. 37/2553 re: Prohibitions for Personnel of Business Operators dated September 15, 2010. The actions were in violation of Clauses 23(2) and the 3rd category prohibited characteristics of the

trading decisions for benefit of client without the client?s orders were in violation to Clause 20(2) of No. TorLorThor. 3/2555. The aforesaid actions were violation of Clauses 20(2) and 20(3) of No

of Business Operators dated September 15, 2010. The actions were in violation of Clauses 23(2) and (3) and the prohibited characteristics of the personnel in the capital market business of the 3rd

Business Operators dated September 15, 2010. The actions were in violation of Clauses 23(1) and the 3rd category prohibited characteristics of the personnel in the capital market business under Clause 31(1

cases, none of the aforementioned entities had been licensed to operate securities business. Hence, their actions were in violation of Section 90 and liable to penalties under Section 289 of the

with normal market conditions with a view to inducing the general public to trade such securities.  The aforesaid actions of Shine and others were in contravention of Sections 243(1), (2) and 244 of the