Showing 1 - 10 of 12
Unwinding the Dr Boon scandal
Business, Nuntawun Polkuamdee, Published on 14/12/2024
» Investor confidence was still recovering from recent stock market manipulations when a high-profile investment scam involving Dr Boon Vanasin, an 86-year-old hospital veteran, sent shockwaves throughout Thailand's business arena, causing damages of nearly 8 billion baht.
SEC eager to crack down on stock market violations
Business, Nuntawun Polkuamdee, Published on 28/08/2024
» The Securities and Exchange Commission (SEC) has vowed to tackle stock market offences more quickly by strictly enforcing the law, in an effort to restore public confidence.
SET calls for more lawsuits to combat corporate fraud
Business, Nuntawun Polkuamdee, Published on 05/08/2024
» The Stock Exchange of Thailand (SET) has asked the Finance Ministry to amend the law to empower the Securities and Exchange Commission (SEC) to directly file lawsuits against corporate fraudsters, with the aim of ensuring high-impact cases can be sent to courts within 5-6 months.
Ministry strips Zipmex's licences
Nuntawun Polkuamdee, Published on 12/06/2024
» The Finance Ministry has revoked the digital asset business licences of Zipmex Thailand as requested by the Securities and Exchange Commission (SEC), citing the company's financial status could cause damages to investors while personnel is inadequate to operate efficiently.
More support vowed for retail investors
Business, Nuntawun Polkuamdee, Published on 09/04/2024
» The Thai Investors Association (TIA) is promising to be more active in assisting class action lawsuits by establishing a centre to help retail investors who claim damages from stock investments.
Ruling labelled a 'regulatory blip'
Business, Nuntawun Polkuamdee, Published on 26/03/2024
» Stock analysts believe the Supreme Administrative Court's order that the Central Administrative Court accept a lawsuit filed by five individuals, requesting the nullification of the National Broadcasting and Telecommunications Commission's (NBTC) resolution to acknowledge the merger of True Corporation and Total Access Communication (DTAC), is just another regulatory blip.
SEC warns of prison time for Stark fraudsters
Business, Nuntawun Polkuamdee, Published on 27/06/2023
» Members of the management team and others involved in the fraud surrounding Stark Corporation (STARK) could face up to 10 years in prison if found guilty, the Securities and Exchange Commission (SEC) said on Monday, as it tried to restore confidence in the Thai capital market.
SEC urged to rejig rules after MORE scandal
Business, Nuntawun Polkuamdee, Published on 09/12/2022
» The Association of Securities Companies (Asco) and its members have proposed the Securities and Exchange Commission (SEC) adjust the regulations regarding stock manipulation in the aftermath of the More Return Plc (MORE) scandal.
Profit-making GL looks to turn the page
Business, Nuntawun Polkuamdee, Published on 02/03/2019
» SET-listed Group Lease Plc (GL) predicts a rise in this year's net profit because no extra expenses will be incurred, while insisting that the company's cash on hand is sufficient to repay its creditor later this year.
Former IFEC chairman files multiple suits in power play
Business, Nuntawun Polkuamdee, Published on 18/06/2018
» Former IFEC chairman Wichai Thavornwattanayong has filed lawsuits against all related regulators, IFEC major shareholder Thavich Taychanavakul and two directors in a new attempt to regain managerial control.