Bangkok, October 7, 2013 - The SEC sanctioned two executives and six investment consultants of Country Group Securities Plc., in relation to trading shares of Angpao Assets Plc. (PAO). The sanctions
Bangkok, September 20, 2013 - The SEC imposed a one-month suspension on {A}, a derivatives investment consultant of Asia Plus Securities Plc. for trading derivatives on behalf of her client.Following the report from Asia Plus Securities Plc., the SEC probed into the case and found that {A} had been authorized by her client to make derivatives trading decisions on the client' behalf. The client was informed of derivatives price ranges in advance and when the prices moved within the ranges, {A} th...
Bangkok, December 23, 2013 - The SEC suspended three financial advisor supervisors, namely {A}, then an employee of {X1} Co., Ltd., {B} of {X1} Co, Ltd., and {C} of {X2} Plc. The suspension resulted from their failure to properly perform a due diligence in case of a company applying for initial public offering of shares as follows: 1. As the financial advisor supervisors, they failed to verify the information on revenues from advisory services for related persons, even though certain information...
Bangkok, December 24, 2013 - The SEC will not consider an application for approval as capital market personnel in case of {A}, a former securities investment consultant of Thanachart Securities Plc., for one-year eleven months and fourteen days. The period was set on the grounds of trading securities in the client?s account without permission, taking advantage of client by virtue of duty and exploiting client?s assets for personal interest. Following Thanachart's report, the SEC probed into the...
Bangkok, January 23, 2007? The SEC announced two suspensions and nine probations of investor contacts on the SEC-approved list today. The 12 wrongdoers contravened the Standards of Conduct as prescribed by the SEC Notification SorKhor No. 15/2548 Re: Approval of Investor Contacts and Standards of Conduct dated 21 June 2005. The details are as follows: 1. Pratarnporn Kasemkulsiri (one-year suspension) ? advising a client to divide his money into multiple less than two-million baht deposi...
Bangkok, November 24, 2009 ? The SEC revoked approval of one investor contact for 10 years on account of dishonest acts, defrauding and interference with a client?s assets, and suspended another for three months on account of using a client?s account for the benefit of oneself and others. Revocation ? Kunakorn Karnchavakul (former names ? Rachata or Worrawit Sertpannuk), former marketing officer of Merchant Partners Securities Public Company Limited, was found having committed dishonest acts, de...
Bangkok, February 11, 2010 ? The SEC revoked investor contact approval of Porntip Thongchaicharoensiri, former investor contact at ACL Securities Co., Ltd., for five years on account of interference with a client?s assets and dishonest acts. Also, a one-year probation was imposed on Surawadee Sriprasert on account of using a client?s account to avoid over credit line limit of another client, and the same sanction on Nopakun Wongratana for taking securities trading orders from an unauthorized per...
Bangkok, January 24, 2014 ? The SEC imposed a one-month suspension on Wiroj Thongburana, a securities investment consultant of UOB Kay Hian Securities (Thailand) Plc., for failing to inform sufficient information by concealing important information that might adverse affect the client's benefits. Following the report of UOB Kay Hian Securities (Thailand) Plc. and a client complaint, the SEC probed into Wiroj case and found that he failed to inform the rules of volatile stock such as stock's risk...
Bangkok, January 24, 2014 - The SEC imposed a one-month suspension on {A}, a securities investment consultant of UOB Kay Hian Securities (Thailand) Plc., for failing to inform sufficient information by concealing important information that might adverse affect the client's benefits. Following the report of UOB Kay Hian Securities (Thailand) Plc. and a client complaint, the SEC probed into {A} case and found that he failed to inform the rules of volatile stock such as stock's risk and settlement...
Bangkok, June 23, 2011 - The SEC revokes its approval of Chalerm Suakamram, an investor contact and a branch manager of Siam City Securities Co., Ltd., and bans him from performing duty as an executive in securities companies and derivatives business for ten years, starting June 23, 2011. The order has been issued after the SEC?s finding indicated that his misconducts on clients? assets involved dishonesty, deceit or embezzlement and wrongful use of client?s assets. Following the complaint lodge...