the issuer’s core business. In any event, the issuer must not operate business in such a way that involves severely illegal business. For example, human trafficking, drug production or smuggling, or

borrowing and lending, and joint venture management. As a result, any intermediary wishing to operate only brokerage business, for example, would have to meet the high minimum paid-up capital rule despite its

as well as licensees which cease business operations.For financial institutions supervised by other lead regulators and licensed to operate securities or derivatives businesses, such as commercial

must not be utilized as if the business operators do not operate the business themselves.Moreover, outsourcing to non-licensees will be permissible as well. The business operators simply give the SEC

licensed to operate securities business in accordance with the Securities and Exchange Act of 1992. Their actions are in violation of Section 90 and liable to the penalties under Section 289, i.e

funds from overseas to make investment based on his advice for the sake of tax benefits and long-term return. The investors followed his advice but suffered loss.? Mr. Malpass was not licensed to operate

it applies for the license. In addition, the applicant must operate the business in a way that promotes, supports, or is related to services of securities business. It must also have network accessible

implement efficient, reliable and systematic credit rating methodologies and operate independently without conflicts of interest. Inputs must be managed efficiently while disclosure of public information must

Protection for Subscribers upon the Expiration of Concession Agreements or the Agreement to Operate B.E. 2013. and (2) the Arbitral Tribunal ordering TRUE to pay TOT Public Company Limited (“TOT”) penalty for

company to establish Vanachai Logistics Co., Ltd. which will operate the business of receiving - sending goods within the country. The company will then invest in ordinary shares of Vanachai Logistics Co