Office of the Securities and Exchange Commission (SEC) Receive complaints from customers. Maybank Securities (Thailand) Public Company Limited and further investigation found that Between December 2022 and March 2023 Miss Sasakorn Likhitsomboon Has the conduct of committing a crime and causing damage to customers as follows:
1. Invite customers to subscribe to shares of Master Style Public Company Limited or MASTER which will be offered for sale to the public for the first time (IPO), that Maybank Securities (Thailand) Public Company Limited has not been appointed to issue such shares. Ms Sasakorn Likitsombun had customers transfer money to their own savings accounts totaling 3 million baht, but did not subscribe to MASTER shares and did not refund the money to customers.
2. After MASTER’s shares were traded on the Stock Exchange, Ms. Sasakorn MASTER shares in the customer’s securities trading account for a total of 5.68 million baht The customer did not order and did not consent When the customer heard the matter, he immediately ordered the sale of MASTER shares from the account
In this respect, the SEC considered and considered that Ms Sasakorn’s action in accordance with item 1 was a failure to fulfill her duties. or provide services with honesty and integrity By taking the property of the investor illegally and according to item 2, it is a failure to perform duties with responsibility and care as a professional. which decides to buy and sell stocks to investors even though the investors did not order them Its content is a prohibited feature of personnel in the capital market according to the Supervisory Board’s announcement.
The SEC therefore revoked the approval to be an investment adviser for complex instruments, Type 1, and set the period for considering Ms Sasakorn’s next application for approval to be personnel in the capital market business For 6 years 9 months from 25 April 2024 forward
In determining the penalty, the SEC has taken into account the following factors: the role, participation and conduct of the person concerned, the penalty that person has already received, the effects, compensation or benefits, corrections or other actions that have the benefit of deterrence the performance of the SEC, and any other history or past conduct which indicates Suitability to be personnel in the capital market business
In addition, the SEC would like to remind investors to subscribe to IPO shares only with underwriters appointed to act as distributors. And don’t transfer securities trading money to the investment advisor’s personal account because this could be a channel for corruption and you might lose a lot of money. In case of doubt, you should contact the service company. or inquire at the “Complaint and Whistleblowing Center” call 1207 or the “SEC Office” Facebook page or SEC Live Chat on the SEC website.
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