Bangkok, May 13, 2011 ? The SEC has put Akekajak Buahapakdee, a financial advisor supervisor of Capital Nomura Securities Plc., on probation for breaching his duties as financial advisor for initial public offerings of two issuing companies concerning filing of application for approval for public offering of shares, registration statement, and draft prospectus (filing).Akekajak failed to perform due diligence concerning:1. Information on counterparty that may have relationship with issuing compa...
Bangkok May 9, 2012 ? The Southern Bangkok Criminal Court, on April 24 2012, sentenced Ratchanee Panich to a fine of 1,259,323.11 baht for aiding or abetting Apichart Rungruengacheeva (formerly Wisit Kanjanopas) in trading shares of Karat Sanitaryware Plc. ("KARAT") through her own account by using inside information. Such information was obtained by Apichart while performing duty as a chief legal counsel for the client in acquiring KARAT?s shares from its major shareholder and launching a tende...
Following an inspection report from SCB, which is licensed to operate securities business as a Limited Broker Dealer and Underwriter (LBDU) of investment units, SEC conducted a further inquiry and found that the aforesaid investment consultants proceeded with the redemption of long-term equity fund (LTF) units for clients in breach of the conditions for receiving tax benefits despite warnings from the Bank’s electronic trading system, thus causing damage to clients. Details of the miscondu...
Bangkok, March 21, 2011- The Criminal Court has sentenced {A} to a fine of 600,000 baht for aiding or abetting the manipulation of the share price of Chai Watana Tannery Group Plc. (CWT).The SEC, on January 10, 2008, filed complaints against (1) {B} and (2) {A} for aiding or abetting the CWT share price manipulation from July 15, 2004 to February 9, 2005 in violation of Section 243 and Section 244 of the Securities and Exchange Act B.E. 2535 (1992) in conjunction with Section 83 and Section 86 o...
Bangkok, March 22, 2011? The Southern Bangkok Criminal Court sentenced Kittipat Yaoprukse to eight-year and 18-month imprisonment and a fine of 1,880,000 baht. On February 24, 2003, the SEC filed a criminal complaint against Roynet Plc. (Roynet) and Kittipat Yaoprukse for falsifying account to deceive other persons, recording false statement, concealing the report on buying and selling of securities, and using inside information for trading Roynet shares in violation of Section 300 with Section...