Bangkok, March 11, 2014 - The SEC barred {A} from performing any management position in securities company and suspended his securities investment analyst approval status. In addition, the SEC suspended three other securities investment consultants, namely (1) {B}, (2) {C}, and (3) {D}. The sanctions took effect from March 11, 2014. The SEC found in the course of its routine inspection of Country Group Securities Plc. that {A}, a securities investment analyst and Songkla branch manager and three...
Bangkok, 13 November 2017 ? In response to the Ministry of Finance's request, the SEC is conducting another public hearing on the draft amendment to the Securities and Exchange Act B.E. 2535 (1992) concerning the establishment of the Capital Market Development Fund (CMDF). This second consultation focuses on revising the CMDF's objectives to include necessary financial support for the Stock Exchange of Thailand (SET). The first hearing conducted earlier in the month of June attracted various,...
Bangkok, February 1, 2013 ? According to the news coverage, the Department of Special Investigation (DSI) on January 2, 2013 announced that the Special Investigation Working Team resolved to press charges against officials of the Bangkok Metropolitan Administration (BMA) and the two companies - Krungthep Thanakom Co., Ltd. (KT), Bangkok Mass Transit System PLC (BTSC) ? including their executives for involvement in the skytrain contract that they have allegedly operate railway systems or obtainin...
Earlier, the Civil Sanction Committee (CSC) resolved to impose civil sanctions on six offenders* in the case of manipulating the BM share price, requiring them to make the total payment of 8,001,949 baht (consisting of civil monetary penalties, compensations for the benefits received or would have been received, and the reimbursements of investigative expenses incurred by the SEC) and prohibiting them from trading securities or derivatives for a period of six months or 11 months each (as the cas...
Earlier, the Civil Sanction Committee resolved to impose civil sanctions on Mr. Thanawat, who was IFEC director and executive at the time of the offence. He was ordered to pay a civil fine and return any gains from the wrongdoings.* Mr. Thanawat came in to acknowledge the civil sanctions, but did not consent to comply with the punishment terms within the specified time. The SEC has therefore requested the public prosecutor in writing to file a lawsuit against Mr. Thanawat in the Civil C...
case also involves seeking unlawful gains and consenting to the omission of the B/E transaction records, which caused inaccurate preparation of KC accounting records. The aforesaid four executives are
-approval of each option clearly to the bondholders, together with the reasons and opinions of the bondholders' representative. Furthermore, the SEC requests the bondholders to scrutinize the information in
Earlier, the Civil Sanction Committee (CSC) resolved to impose civil sanctions on 12 offenders* for manipulating the share price of Scan Inter Public Company Limited (SCN), requiring them to pay the total amount of 28,223,311 baht (comprising civil penalties, compensations in the amount equal to the benefits received or would have been received and reimbursements of investigative expenses incurred by the SEC). These individuals were also prohibited from trading securities and derivatives for 14...
Earlier, the Civil Sanction Committee resolved to impose civil sanctions on {A} for obstructing and not cooperating with other IFEC directors to set up board of directors meetings and a shareholders meeting to appoint new directors to fill vacancies, while serving as IFEC director and chief executive officer. In addition, the SEC investigation found that {A} disobeyed the board of directors’ instruction and refused to facilitate a meeting venue for the board of directors’ meeting. Such mis...