Bangkok, 24 October 2017 ? The SEC has revoked the approval for Mr. Pisist Phong-pheuag, then working for Apple Wealth Securities Public Company Limited, as a capital market investment consultant for 10 years on account of deceiving several clients, falsifying documents, spending clients? money for his own interest, and using clients? trading accounts to trade securities for himself.Following a complaint inspection report from Apple Wealth Securities, the SEC has investigated further and found t...
Bangkok, 27 September 2023 – SEC has ordered a revocation of an approval of an investment consultant, Mr. Phisit Taninrungroj, for 10 years for committing dishonest acts by using clients’ trading accounts to seek benefits for himself and the others, a misconduct of client asset exploitation. At the time of his wrongdoing, he was employed by RHB Securities (Thailand) PLC (RHB).Following a complaint from an investor who is not a client of RHB and the SEC’s further investigation into the cas...
Bangkok, 5 September 2017 ? The SEC has filed a criminal complaint against Mr. Wichai Thavornwattanayong, Chairman of the Board of Directors of Inter Far East Energy Corporation Public Company Limited (IFEC), with the Economic Crime Suppression Division of the Royal Thai Police (ECD) for committing dishonest acts to gain unfair advantage for himself or other persons. During the month of December 2016, the number of IFEC directors was insufficient to form a quorum as required by law. Wichai, in...
Bangkok, 2 December 2016 - The Criminal Fining Committee has imposed a fine of 5,560,000 baht on {A}, a former director of Jasmine International Public Company Limited (JAS), for failing to perform duties honestly and seeking unlawful benefits from derivatives investment based on non-public information.Following the SET's referral, the SEC conducted a further investigation and found that {A}, then a JAS director, had learned from the Board of Directors' meeting invitation that on 25 January 2016...
The Securities and Exchange Commission (SEC), with the reports from the Krungthai Bank PLC and the SEC’s further investigation, found that in November 2021 Saowarat had misappropriated her client assets, redeeming the mutual fund units without client consent in the following manner, causing damage to the client, who had completely compensated, in the amount totaling 1,027,000 baht: 1. Using the client’s identification card left with her to verify the identity, the password of th...
Bangkok, 3 August 2023 – SEC has ordered a revocation of an investment consultant approval on Mr. Teerasak Tipboonsri for 10 years for failure to perform duties with loyalty, misappropriating client assets for personal gains by having his clients transferred payment for subscription of mutual fund investment units as well as their deposits into his own account. At the time of his wrongdoing, he was employed by the Kiatnakin Phatra Bank Public Company Limited. The Securities and Exchange C...
Economic Crime Suppression Division (ECSD) on the ground of performing duties dishonestly when he failed to disclose IFEC default on its bills of exchange. In addition, the SEC has instructed IFEC directors
The Securities and Exchange Commission (SEC) has filed a criminal complaint against the following persons, i.e. (1) STARK, (2) Mr. Chanin Yensudchai, (3) Mr. Vonnarat Tangkaravakoon, (4) {A}, (5) Mr. Sathar Chantrasettalead, (6) Mr. Kittisak Jitprasertngam, (7) Phelps Dodge International (Thailand) Limited (PDITL), (8) Thai Cable International Company Limited (TCL), (9) Adisorn Songkhla Company Limited, and (10) Asia Pacific Drilling Engineering Company Limited. It was revealed from the...
company, dishonestly violated his duties. The statute of limitations ran out. SEC Act S.307 311 Criminal Complaint Filed with an Inquiry Official Dated 06/09/2010