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

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  

 

2

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  

 

3

26/09/2018 

9/2018 

30/2018 

Mr. Porameth Rungrongtanin 

246 in conjunction with section 86 of the Penal Code 

SEC Act 

Mr. Porameth Rungrongtanin as a nominee of Mr. Sathit Roongwatanapak filed reports (Form 246-2) to the SEC Office the acquisition or disposal of Asset Bright Public Company Limited (ABC) shares when aggregate holding of ABC in trading account of Mr. Porameth reached or passed five percent of the total number of voting rights of ABC. Such action aided and abetted Mr. Sathit to violate section 246. 

 

771,600.00  

 

4

26/09/2018 

9/2018 

29/2018 

Mr. Sathit Roongwatanapak 

246 

SEC Act 

Between September 26, 2013 to May 22, 2015, Mr. Sathit Roongwatanapak acquired or disposed Asset Bright Public Company Limited (ABC) shares through his nominee trading account which caused his aggregate holding of ABC shares reached or passed five percent of the total number of voting rights of ABC. He failed to report to the SEC Office the acquisition or disposal shares held by his nominee within the period specified in the notification of the Capital Market Supervisory Board. He later filed the accurate reports (Form 246-2) to the SEC Office on August 10, 2018. 

 

1,157,400.00  

 

5

26/09/2018 

9/2018 

31/2018 

Mr. Chanon Wangtal 

246 

SEC Act 

On March 8, 2018, Mr. Chanon Wangtal acquired shares of META Corporation Public Company Limited (META) (previously named Vintage Engineering Public Company Limited (VTE)), which caused his aggregated holding of META shares to reach or pass a multiple of 5 percent of the total voting rights of META. But he filed inaccurate reports (Form 246-2) of his holding of META shares after such acquisition to the SEC Office within 3 business days as specified in the notification of the Capital Market Supervisory Board. He later filed the accurate reports (Form 246-2) to the SEC Office on June 28, 2018. 

 

20,700.00  

 

6

26/09/2018 

9/2018 

30/2018 

Mr. Porameth Rungrongtanin 

247 in conjunction with Section 86 of the Penal Code 

SEC Act 

Mr. Porameth Rungrongtanin made a tender offer on behalf of Mr. Sathit Roongwatanapak but Mr. Porameth did not disclose in tender offer report (Form 247-4) on September 30, 2013 that Mr. Sathit was the owner of ABC shares. Such action aided and abetted Mr. Sathit to violate section 247 and was to conceal that Mr.Sathit was the owner of ABC shares. 

 

781,333.33  

 

7

26/09/2018 

9/2018 

29/2018 

Mr. Sathit Roongwatanapak 

247 

SEC Act 

Mr. Sathit Roongwatanapak filed an inaccurate tender offer report (Form 247-4) of Asset Bright Public Company Limited (ABC) shares on September 30, 2013. The Form 247-4 was filed in the name of Mr. Porameth Rungrongtanin and did not disclose that Mr. Sathit was the owner of ABC shares. 

 

1,172,000.00  

 

8

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  

 

9

26/09/2018 

9/2018 

28/2018 

Mr. Athasidh Ongkosit 

59 

SEC Act 

Between 28 July, 2017 and 25 June 2018, Mr. Athasidh Ongkosit, Senior Vice President of Information Technology of KCE Electronics Public Company Limited, disposing the shares of KCE of his wife without reporting the change in beneficial ownership of the company to the SEC within the specified period. 

 

254,800.00  

 

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