credibility of capital market business personnel, and failed to perform duties responsibly with professional due care, which were deemed prohibited characteristics of personnel in capital market business*. Such
According to Bangkok Bank’s complaint report and SEC’s further investigation, it was found that during the months of March and October 2017, Nattapong, then a securities investment consultant at the bank, committed wrongful acts against investors’ assets by accepting the investors’ subscription money for mutual fund investments during off-business hours but not executing the subscription transactions as originally intended by the investors in the following business day. Instead, he spent the sub...
According to Bangkok Bank’s complaint report and SEC’s further investigation, it was found that during 22 September 2017 – 24 February 2018, {A}, then a securities investment consultant at the bank, committed wrongful acts against the investor’s assets by using the investor’s subscription money for mutual fund investments for her own interest without executing the subscription transactions as originally intended by the investor. In so doing, she made and sent false documents to the invest...
Following an AIA report on clients’ complaints and SEC’s further investigation, it was found that Chalermwut had misappropriated the money received from two clients to pay for their annual premium of unit-linked insurance policies. He did not deliver the money to the company and spent the money for his own interest instead. As a result, the clients’ insurance policies and the protection coverage lapsed. Chalermwut’s wrongful acts against investors’ assets were liable to failure to perform...
To render assistance and alleviate the impact of the COVID-19 situation on employees and employers, SEC, with AIMC’s suggestion, has proposed for the Ministry of Finance to consider granting a postponement or temporary suspension of PVD contribution to employees or employers who are affected by the COVID-19 spread. This measure aims to lessen the expense burdens and prevent PVD cancellation by employers. On 29 April 2020, Finance Minister Uttama Savanayana issued the Notification of the Finance...
company for 5 years, and as major shareholder of derivatives business operator for 10 years. Due to the deficiencies in duty performance of Mr. King, SKFM was subject to violation of Section 117
AEON Microfinance (Myanmar) Company Limited of 31 million baht, decreasing by 90% y-y due to impact of COVID-19 situation and political turmoil. Therefore, AEON Microfinance (Myanmar) Co., Ltd has
the previous year due to continue an increase of export and private consumption, as well as an expansion of private investment. In addition, there were supporting factors from domestic demand from the
15% y-y and AEON Microfinance (Myanmar) Company Limited of 24 million baht, decreasing by 88% y-y due to COVID-19 lockdown and political turmoil that impacted operation in Yangon and Mandalay
around USD 200 billion. In June, protests started in Hong Kong levels of violence have been escalating. Moreover, in July, Thai baht became stronger specially against US dollar due to speculation during