TRITN Manipulation: SEC Penalties for 4 Individuals
- Thailand's Securities and Exchange Commission (SEC) has levied sanctions against four individuals for manipulating the share price of Triton Holding Public Company Limited (TRITN).
- The individuals facing sanctions are Pasu Wachirapong, Vichan Wachirapong, Akarat Vanarat, and Natthawat Piboonthanaamorn.
- Pasu, vichan, and Akarat allegedly colluded to manipulate TRITN's price and trading volume through coordinated buy and sell orders.
The SEC in Thailand has cracked down on TRITN manipulation, imposing notable penalties. Four individuals are now facing the consequences of their actions, including fines and restricted roles, for market manipulation of Triton Holding Public company Limited (TRITN) stock between September 2-9, 2022. Pasu Wachirapong, Vichan Wachirapong, Akarat Vanarat, and Natthawat Piboonthanaamorn are the targets. The SEC’s examination, sparked by a 2023 SET referral discovered coordinated efforts to distort TRITN’s share price. Pasu faces the brunt of the penalties, including a hefty fine of 32.8 million baht and trading bans. News Directory 3 covers the sanctions levied against these individuals for their illegal activities. Follow-up investigations may be ongoing. Discover what’s next in the world of financial regulations.
Thailand SEC Penalizes Triton Holding manipulation, Restricts Roles
Updated June 17, 2025
Thailand’s Securities and Exchange Commission (SEC) has levied sanctions against four individuals for manipulating the share price of Triton Holding Public Company Limited (TRITN). The penalties include fines totaling 34.4 million baht and restrictions on trading and executive roles.
The individuals facing sanctions are Pasu Wachirapong, Vichan Wachirapong, Akarat Vanarat, and Natthawat Piboonthanaamorn. The SEC investigation, triggered by a 2023 referral from the Stock Exchange of Thailand (SET), revealed coordinated efforts to distort TRITN’s market activity between Sept. 2-9, 2022.
Pasu, vichan, and Akarat allegedly colluded to manipulate TRITN’s price and trading volume through coordinated buy and sell orders. Natthawat is accused of assisting Pasu in these activities. The SEC’s Civil Sanction Committee (CSC) determined these actions violated securities laws.
Pasu faces the most severe penalties, including a 32.8 million baht fine, a 14-month ban on securities and derivatives trading, and a 28-month prohibition from serving as a director or executive. Vichan must pay 539,304 baht and faces an 11-month trading ban and a 22-month executive role restriction.