cases, none of the aforementioned entities had been licensed to operate securities business. Hence, their actions were in violation of Section 90 and liable to penalties under Section 289 of the

potential change in the securities price is deemed to be taking an unfair advantage of other people. Such action is in violation of Section 241 and liable to the penalties under Section 296 of the Securities

price margin, causing damage to a large number of investors.   The seven persons? offences were in violation of Section 243(1) in conjunction with Section 244 and Section 243(2) and liable to the

the inside information of NOBLE to Kongpat while knowing or possessing such inside information was deemed a violation of Section 242(2) in conjunction with Section 243(1), and liable to the penalties

violation of Clause 23(1) and (2) of No. TorLorThor. 8/2557 dated June 3, 2014. The violation of Clause 23(1) and (2) in conjunction with participating in dishonest conducts were prohibited characteristics of

contact SEC Help Center via www.sec.or.th or Hotline 1207. If possible violation of other laws is found, the SEC will coordinate with related agencies for further proceeding. Documents SHARE : Building

violation? In-dept investigation and Seeking further evidence End YES NO Considering whether to constitute law violation NO YES Taking legal action(s) Administrative Action Civil Sanction Criminal Action

costs (Jones, 1991; Byard et al. 2007) • Income maximization - compensation plans (Healy, 1985; Zang, 2012; Dechow & Skinner, 2000; Cohen and Zarowin, 2010) - to avoid violation of debt covenants (Dichev

• Put call Parity was introduced by Stoll ( 1969)  This relationship shows the combination of call and put option with same underlying asset , exercise price and maturity date.  Any Violation of this

Niche, Their action were deemed a violation of Section 312 of the SEA. Moreover, their actions were also considered as syphoning TUCC money for the benefits of themselves and others in violation of