, namely (1) Mr. Sawin Chindakul, (2) Ms. Paradee Teawanitchakul, and (3) Mr. Noppadon Chaidarun in order for the DSI to conduct further legal proceedings in the case of EARTH’s violation of the SEC’s order
the 11 investment consultants were deemed a failure to perform duties or provide services honestly as they sought to gain personal benefits from investors through their job operation, or a violation of
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