Bangkok, May 12, 2014 - The SEC disclosed an inappropriate behavior to the general public and suspend approval of {A}, a former securities investment consultant of UOB Kay Hian Securities (Thailand) Plc., for not recording the securities trading orders and inappropriate submission of trading order form (F8). From a routine inspection of UOB Kay Hian Securities (Thailand) Plc, the SEC found that {A} did not record a number of client's securities trading orders. Certain records found in the course...
Bangkok, October 9, 2014 - The SEC disclosed inappropriate behavior and suspended four securities investment consultants, then employees of Globlex Securities Company Limited, namely {A}, {B}, and {C} and a capital market investment consultant, namely {D}.Following the report and further probed into the case by Globlex Securities Company Limited, it was found during the first investigation that {A} and {B}, two securities investment consultants, and {D}, a capital market investment consultant, f...
Bangkok, August 16, 2012 ? The SEC reveals that provident funds offering employee?s choice continually increased in Q2/2012. The record showed an increase of 176 employers offering employee?s choice
Bangkok, August 17, 2012 - The SEC imposed administrative sanction on seven investment consultants for their failure to record clients' securities or derivatives trading orders by suspending one employee of Ausiris Futures Co., Ltd. {A} and four employees of KGI Securities (Thailand) PLC {B}, {C}, {D}, and {E}, effectively from August 17, 2012, as well as revealing inappropriate actions of {F} and {G}. The SEC found from the routine inspection that {A} frequently failed to record her clients' de...
Bangkok, May 27, 2014 ? The SEC revealed audit inspection results on eight audit firms; citing all of them met quality requirements. The result, however, showed room for improvement in the area of engagement performance, if improved will heighten their efficiency and bolster investor confidence in the Thai capital market. The SEC?s audit inspection in 2013 covering eight audit firms indicated that every firm passed the six key elements with highest average score in the area of client accep...
Bangkok, January 22, 2014 ? Following the acquisition of control over Electronics Industry Public Company Limited (EIC) by Bee Taechaubol and Thai Prime Co.Ltd., where the tender offer for all EIC shares has been launched at 1.25 baht per share, Bee has been found purchasing 1,017,500 EIC shares through the Stock Exchange of Thailand (SET) at 3.50 baht a share. The tender offer will be closed on January 27, 2014.As the purchase price is higher than the tender offer price, it caused unfair tre...
Bangkok, May 12, 2015 ? The SEC published 2014 Independent Audit Inspection Activities Report covering inspection of 12 audit firms and working papers of 46 approved capital market auditors. The inspection showed impressive progress, paving the way to the quality enhancement and increase the number of capital market auditors to accommodate the growth of Thai capital market. Tipsuda Thavaramara, SEC Deputy Secretary-General said, ?At present, Thailand audit oversight has been developed and reco...
Bangkok, March 24, 2015 - The SEC disclosed an inappropriate behavior and imposed a suspension on {A}, a former employee of KGI (Thailand) Securities Plc., for failure to completely record client?s trading orders, trading securities on behalf of client and making trading decisions for benefit of client without the client?s orders.Following a complaint against {A} lodged by a client of KGI Securities (Thailand) Plc, the SEC probed into the case and found that {A} had traded the securities on the...
SEC Secretary-General Rapee Sucharitakul said “As of the 2nd quarter of the year 2018, the PVD had been continuously growing, as the number of employers had increased by 788 to a total of 17,866 employers, the number of PVD members had increased by 75,992 to a total of 3,015,729 employers, which can be calculated as an increase of 4.61 percent and 2.85 percent respectively. Furthermore, the net asset value has now reached a total of 1,100,686 million Thai baht, an 8 percent increase in co...
In this regard, the SEC reiterates its warning to DA business operators to fulfill their duties in safeguarding clients’ digital assets in accordance with established criteria, with a primary emphasis on security. Under the SEC’s regulations, DA business operators must take into account risks of fraud and cyber theft, and are prohibited from providing services related to digital assets through business operators who are currently under criminal complaints imposed by the SEC or under legal procee...