Following the announcement of BX (which formerly operated in digital asset exchange business) that its business operations will completely shut down on 3 April 2020 which means it will stop servicing clients who want to reclaim their assets and will lay off all employees,SEC found out that clients’ digital assets which remained under control or in possession of BX were transferred thereafter to other out-of-control wallets without client’ instructions. That actions incurred losses to other...
Bangkok, July 6, 2015 - The SEC filed a criminal complaint with the Economic Crime Division of the Royal Thai Police (ECD Police) against (1) Professional Portfolio International Ltd. (PPI), (2) Eric Jordan or Eric Jack Jordan as PPI director and personal capacity and (3) Gary Bradford for jointly operating securities business without license. The SEC received a complaint from a foreign investor residing in Thailand that PPI solicited the complainant to transfer overseas pension to make investme...
Bangkok, November 27, 2012 ? The SEC filed a criminal complaint with the Economic Crime Division of the Royal Thai Police (ECD Police) against five companies, namely(1) Silver Line Trading Intertrade Co., Ltd., (2) Diamond and Silverline Group Co., Ltd., (3) K.N.O. Marketing Co., Ltd., (4) M.B. Network Co., Ltd., and (5) P.T. Research Co., Ltd., along with four related persons, namely (1) Jaray Chanchaisilp, directors of Silver Line Trading Intertrade Co., Ltd. and Diamond and Silverline Group C...
Based on a third-party report and the SEC’s further investigation, it has been found that in 2017 Mr. Chiyachantana (Chairman and Chief Executive Officer of WORLD at the time of the offense) dishonestly diverted company assets to himself or a third party and sought unlawful gains for himself or others, causing damage to WORLD at the total amount of 30 million baht. Ms. Hongsri rendered assistance or facilitation for Mr. Chiyachantana in committing the offense. The case was related to the selling...
after falling victim to scams. The SEC also coordinated with social media platform providers to block accounts suspected of fraudulent investment content. The public should exercise caution and stay
the process of further investigating into the suspected frauds that may be involved in this case, the results of which will be publicly informed in due course. In the investigation into the case
named in the complaint as aiders and abettors.With a referral from the Stock Exchange of Thailand (SET) concerning trading behaviors of some investors involving suspected collusion with personnel of asset
considering of the appointment of the company’s executive: (1) there are reasonable grounds to believe that he or she is or having been reasonably suspected of malfeasance in the operation or service of
the following prohibited characteristics in considering of the appointment of the company’s executive: (1) there are reasonable grounds to believe that he or she is or having been reasonably suspected