Offences*/ Year 2017 2016 2015 2014 2013
Criminal Fining File Criminal Complaint Criminal Fining File Criminal Complaint Criminal Fining File Criminal Complaint Criminal Fining File Criminal Complaint Criminal Fining File Criminal Complaint
Persons Case Persons Case Persons Case Persons Case Persons Case Persons Case Persons Case Persons Case Persons Case Persons Case
Director of Company
Fraud     0 0     0 0     ​21 8     ​3 1     8​ 3
Fail to exercise duty of care     0 0     1 1     ​2 2     ​0 0     ​0 0
Unfair Securities Trading Activities
Disclosure of false statement/ Dissenimation of false or misleading information 0 0 0 0 3 3 0 0 1 1 0​ 0 0 0 0​ 0 0 0 ​0 0
Market manipulation 0 0 0 0 16 4 16 3 12 2 ​4 1 35 6 23 3 0 0 13 2
Insider trading 0 0 0 0 15 7 3 2 10 6 2 1 13 5 0​ 0 10 4 1 1
Takeover 2 1 0 0 5 1 3 1 4 3 1 1 3 3 0​ 0 8 4 1 1
Securities Inssuance
Disclosure report 12 6 10 5 50 25 35 15 47 24 38 20 67 34 70 34 43 26 70 36
Report of securities holding of directors and executives 1 1 0 0 2 2 0 0 1 1 0​ 0 1 1 0​ 0 1 1 0 0
Others 0 0 0 0 1 1 4 1 0 0 0​ 0 0 0 0​ 0 0 0 ​0 0
Business Operator
Non-compliance with business conducts 5 5 0 0 20 19 2 1 14 14 ​0 0 21 21 ​0 0 17 17 0 0
Unlicensed securities businesses     0 0     17 5     ​8 2     6 3     4 1
Unlicensed derivatives businesses     0 0     0 0     ​3 1     7 4     11 5
Director or person responsible for business operator fraud (including aider and abettor)     0 0     0 0     1 1     0​ 0     7 3
Others
Giving false testimony to competent officer     0 0     ​0 ​0     ​1 1     ​0 0     ​0 0
Failure to comply with the competent officer's order     0 0     ​0 ​0     0​ 0​     0​ 0     3 2
Failure to uphold professional standards     0 0     ​0 ​0     ​0 0     0​ 0     0 0
Grand Total 20 13 10 5 112 62 81 29 89 51 42 38 140 70 106 45 79 52 110 54

 

* Some offenders may commit more than one offense.

As of 28 February 2017

 

 

 

 Summary of Legal Actions (criminal sanctions) in 2016

 

 

Types of Offences Filed for Criminal Complaint Fined
No. of Cases No. of Cases Paid Fine (Baht)
Unfair securities trading 5 13 63,999,012.30
     - Disclusre of false statement - 3 1,500,000.00
​     - Market manipulation ​3 3​​ 21,057,969.50*
     - Insider trading 2 7 41,441,042.80
Fraud or breach of fiduciary duty 1 1 5,560,000.00
Takeovers 1 1 459,332.00
Securities issuance and offering (Related to submitting proper and timely disclosure documents of listed comnpanies) 16 27 5,100,668.00
Breach of securities business rules 1 19 13,189,837.50

 

 

* In 2016 the Criminal Fining Committee imposed a fine of 447,263,780.45 Baht on another market manipulation case, but offenders in the case did not pay the fine. As a result, the SEC Office filed a criminal complaint with the Department of Special Investigation in order to proceed to criminally prosecute them under the Securities and Exchange Commission Act.

 

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