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SEC announces raft of fines

Mar 17. 2016
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By THE NATION

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THE SECURITIES and Exchange Commission has fined Pichet Boonyapakdee, a former executive of M-Link Asia Corporation, for falsifying financial statements to mislead other persons about the financial condition or the share price of MLINK, now renamed Ferru
He was imposed a criminal fine of Bt500,000 for the offence, which occurred in November 2014. 
The SEC has also fined Somyos Anantaprayoon for disseminating news in October 2014 that may have led other persons to understand that the share price of WHA Corporation would rise or fall, and such information had not been disclosed to the SET. He was imposed a criminal fine of Bt500,000.
Another fine of Bt500,000 was imposed on Chai Sophonpanich for disclosing inside information for other persons to purchase shares of Bangkok Insurance. 
Chai, then chairman of BKI |and of its executive board of directors, disclosed such inside information to other persons who purchased BKI shares on February 24 and 25, 2014, before the information became publicly known on February 28. Such action was deemed as taking an unfair advantage of other people. Chai was also prohibited from performing the duties of capital-market personnel for any securities and derivative business operators for three years. 
The SEC has also imposed a total fine of around Bt25.3 million on four offenders for using insider information to purchase ordinary shares and warrants of Siam Global House. The four offenders are Witoon Suriyawanakul, Kunnatee Suriyawanakul, Apilas Suriya-vanakul, and Kriangkai Suriyawa-nakul. 
The SEC, meanwhile, has filed a criminal complaint against two other people, Surasak Chuntori and Ekkamon Chuntori, for allegedly using insider information to purchase Global shares. 
The SEC has imposed a fine |of Bt500,000 on Somchai Chaisrichawla for manipulating the share price of Asia Metal in 2006.
 

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