undertaking of securities business without having obtained a license under Section 90 and subject to penalties under Section 289 of the Securities and Exchange act B.E. 2535 (1992), namely an imprisonment

On 6 February 2024, the Central Bankruptcy Court issued an order of total receivership of ALL. Pursuant to the Bankruptcy Act, B.E. 2483 (1940), the next step is for creditors to submit a request for

in his capacity as the responsible person for the operation of Zipmex, which included ordering or acting and omitting to order or failing to act in any way that caused Zipmex to commit offenses in

contravention of Section 240 of the Securities and Exchange Act B.E. 2535 (1992) (SEA), subject to the penalties under Paragraph 1 of Section 296 and Section 296/2 and the civil penalties under Section 317/4 and

benefiting himself or others through such misconduct. This is a violation under Section 89/7, with penalties stipulated in Section 281/2, Paragraph 1, of the Securities and Exchange Act B.E. 2535 (1992), and

Section 281/10 in conjunction with Section 56(3)(4) of the Securities and Exchange Act B.E. 2535 (1992) (SEA), and subject to the penalties under Section 274, Paragraph 1, and Section 281/10 of the SEA. The

, Section 313 and Section 315 of the Securities and Exchange Act B.E. 2535 (1992), as the case may be. The SEC has therefore filed the criminal complaint against the two persons with the ECD for consideration

and Exchange Act B.E. 2535 (1992). Additionally, the company’s directors are required to carry out their duties with due care, responsibility, and integrity, including overseeing the company’s

profits from the order.   SEC views that {A}’s act did not comply with the investor’s order and was deemed failure to perform duties with responsibility and deliberation as a professional**. SEC has

.  ** Securities company means any company, or financial institution licensed to undertake securities business under the Securities and Exchange Act B.E. 2535 (1992) (SEA).