Showing 1 - 10 of 18
SEC files complaint for MORE share scam
Business, Nuntawun Polkuamdee, Published on 29/06/2023
» The Securities and Exchange Commission (SEC) has filed a complaint with the Economic Crime Suppression Division (ECD) and the Anti-Money Laundering Office (Amlo) against 32 individuals for their involvement in the 800-million-baht share manipulation of More Return Plc (MORE).
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.
MORE president resigns amid trading probe
Business, Nuntawun Polkuamdee, Published on 14/02/2023
» Ummarit Klomchitcharoen, president and chief executive of More Return (MORE), on Monday informed the Stock Exchange of Thailand (SET) of his resignation after being accused of manipulating the company's share price, along with 17 others, in November last year.
MORE shares dip after asset seizure request
Business, Nuntawun Polkuamdee, Published on 11/02/2023
» Shares of More Return Plc (MORE) fell after the Anti-Money Laundering Office (Amlo) decided to confiscate 4.5 billion baht worth of assets from people involved in the company’s alleged fraudulent transactions in November last year.
The search is on for new SEC leader
Business, Nuntawun Polkuamdee, Published on 04/02/2023
» The process to find a new secretary-general of the Securities and Exchange Commission (SEC) is likely to begin soon after the regulator’s board decided on Thursday not to extend the term for current boss Ruenvadee Suwanmongkol.
THG chief case referred to Amlo
Business, Nuntawun Polkuamdee, Published on 16/12/2022
» The Securities and Exchange Commission (SEC) has referred the case of Dr Boon Vanasin, former chairman of SET-listed Thonburi Healthcare Group (THG), to the Anti-Money Laundering Office for further investigation.
SEC readies stricter rules for digital assets
Business, Nuntawun Polkuamdee, Published on 13/12/2022
» The Thai Securities and Exchange Commission (SEC) is preparing to impose more stringent regulations on digital assets to mirror the global market, with the aim of increasing investor protection.
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.
MORE shares nosedive in return to trade
Business, Nuntawun Polkuamdee, Published on 22/11/2022
» More Return Plc (MORE) shares plunged to a new price floor shortly after the Stock Exchange of Thailand (SET) resumed trade of the stock on Monday, with the bourse warning the price could continue to slide.
SEC suspends trading by AWC
Business, Nuntawun Polkuamdee, Published on 19/11/2022
» The Securities and Exchange Commission (SEC) has suspended Asia Wealth Securities Co (AWS) from doing business as of yesterday for alleged use of clients' money to pay for share settlements without their consent.