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SEC is of the opinion that the above matters will affect the rights and interests of GIFT shareholders or the investment decision making of investors and therefore, by virtue of Section 58 of the
, respectively, to lure the investing public into their businesses.The aforesaid acts are deemed undertaking derivatives business without license in contravention of Section 16 of the Derivatives Act B.E. 2546
business without license or registration with the SEC in violation of Section 16 of the Derivatives Act B.E. 2546 (2003) and thus liable under Section 125 of the same Act to imprisonment for a term not
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