in violation of the rule whereby securities selling or allocation to directors, executives and related parties of the responsible underwriter is prohibited to prevent such persons from taking unfair

exchange of Zipmex Thailand. Then, Zipmex Thailand notified changes to the terms and conditions of the ZipUp+ services whereby the services of Zipmex Thailand were transferred to Zipmex Asia Pte. Ltd. in

of the Securities and Exchange Act whereby the SEC had informed Mr. Suphan Sethapanich to accept the fine settlement but he did not agree to do so. The SEC, therefore, filed the criminal complaint