benefits and long-term return. Mr. Malpass received profits from providing investment advisory service in the ordinary course of business. Thus, Mr. Malpass operated securities business as investment advisor

significantly higher than the market price, thus requiring CPALL make a tender offer for acquisition of all MAKRO shares at the same price. He obtained the material non- public information by virtue of his

higher than the market price, thus requiring CPALL make a tender offer for acquisition of all MAKRO shares at the same price. He obtained the material non- public information by virtue of his positions

indirectly by SHV, at 787 baht per share significantly higher than the market price, thus requiring CPALL make a tender offer for acquisition of all MAKRO shares at the same price. He obtained the material non

issued ordinary shares sold of MAKRO then held directly and indirectly by SHV, at 787 baht per share significantly higher than the market price, thus requiring CPALL make a tender offer for acquisition of

market price, thus requiring CPALL make a tender offer for acquisition of all MAKRO shares at the same price. SEC Act S.241 in conjunction with Section 86 of the Penal Code Settlement Committee Meeting

, thus requiring CPALL make a tender offer for acquisition of all MAKRO shares at the same price. SEC Act S.241 in conjunction with Section 86 of the Penal Code Settlement Committee Meeting No. 10/2015

of OSK Investment Bank Berhad, Malaysia (OSKIB) in purchasing shares of BSEC from BFIT with the offer price significantly higher than the market price, thus requiring OSKIB make a tender offer for

not been licensed to operate securities business. Thus, PFS jointly operated securities business without obtaining license from the SEC, in violation of the Securities and Exchange Act B.E. 2535 (1992

business. Thus, he jointly operated securities business without obtaining license from the SEC, in violation of the Securities and Exchange Act B.E. 2535 (1992) Section 90 and subject to sanctions under