Cases Settled by the Settlement Committee

No.
Meeting Date
Meeting No.
Order No.
Name of Offender
Section
Relevant Law
Summarized Facts
Press Release
Amount of Fines (Baht)
Remarks

1

18/07/2018 

7/2018 

23/2018 

Solaris Asset Management Company Limited 

117 

SEC Act 

Between December 12, 2016 and June 27, 2017, Solaris Asset Management Company Limited, a fund management company, failed to comply with the rules, conditions, and procedures as specified in the Notification of the Capital Market Supervisory Board by failing to put in place a sufficient and effective system for analyzing quantitative data and qualitative data of unrated debt instruments which the company did not consider the key factors affecting the issuer's ability to pay principal and interest.  

 

1,935,000.00  

 

2

18/07/2018 

7/2018 

24/2018 

TMB BANK PUBLIC COMPANY LIMITED 

113 

SEC Act 

Between 12 December, 2016 to 17 November, 2017 TMB Bank Public Company Limited, a Limited Broker Dealer Underwriter (LBDU) failed to comply with rules, conditions and procedures specified in the notification of the Capital Market Supervisory Board by failing to report the appointment of the highest level responsible person in the compliance unit (Head of Compliance) to the SEC Office within the period specified in the notification of the Capital Market Supervisory Board. The company later reported that appointment to the SEC Office on 17 November, 2017.  

 

832,000.00  

 

3

18/07/2018 

7/2018 

25/2018 

KIATNAKIN BANK PUBLIC COMPANY LIMITED 

113 

SEC Act 

Between 12 December, 2016 to 14 December, 2017, Kiatnakin Bank Public Company Limited, a Limited Broker Dealer Underwriter (LBDU) failed to comply with the rules, conditions, and procedures as specified in the Notification of the Capital Market Supervisory Board due to the fact that the bank offer four term fund for sales including Phatra Enhanced Fixed Income 3M10 Fund (PHATRA EFI3M10) Phatra Enhanced Fixed Income 6M20 Fund (PHATRA EFI6M20) Phatra Enhanced Fixed Income 6M21 Fund (PHATRA EFI6M21) and Phatra Enhanced Fixed Income 6M22 Fund (PHATRA EFI6M22) but the bank did not provide measure to follow up those funds in case the investment in the portfolios are significantly different from the prospective investment appeared on fund factsheets which may cause damage to clients. 

 

886,000.00  

 

4

15/08/2018 

8/2018 

26/2018 

Mr. Jajjai Dhammarungruang 

59 

SEC Act 

Between December 27, 2016 to June 9, 2017 Mr. Jajjai Dhammarungruang, Ex-Vice Chairman of Modernform Group Public Company Limited (?MODERN?) changed his holding of MODERN securities for 23 times but failed to prepare and disclose all reports on changes in his holding to the SEC Office within the period specified in the notification of the Capital Market Supervisory Board. He later filed the reports (Form 59-2) to the SEC Office on June 5, 2018. 

 

351,000.00  

 

5

15/08/2018 

8/2018 

27/2018 

ASL Securities Company Limited 

113 

SEC Act 

Between April 3, 2017 and November 19, 2017; ASL Securities Company Limited, as a securities broker, failed to put in place sufficient operation and internal control systems regarding custody of client's asset as specified in the notification of the Capital Market Supervisory Board.  

 

612,000.00  

 

6

15/08/2018 

8/2018 

27/2018 

ASL Securities Company Limited 

113 

SEC Act 

Between June 1st, 2017 and July 12, 2017; ASL Securities Company Limited, as a securities broker, failed to properly record and maintain all conversations with clients regarding accepting trading orders and giving advice as specified in the notification of the Capital Market Supervisory Board.  

 

630,000.00  

 

Archive >>
top