Bangkok, June 7, 2016 ? The SEC has imposed a 10-year revocation of approval on a capital market investor consultant by the name of Pornthip Deesuk for performing duties dishonestly with the intention to conceal the fact and fabricating false evidence. 

She was employed by Phillip Securities (Thailand) Public Company Limited at the time of committing such offenses.  

Following a referral from Phillip Securities (THAILAND) and the SEC?s further investigation, it was revealed that Pornthip had used blank trading orders authorized in advance with the signatures of five clients to execute unit sale and transfer securities in the clients? accounts into those of other clients who were related to herself to seek personal gains.

In addition, Pornthip filled in different confirmation phone numbers on securities transfer forms several times instead of the ones officially recorded on the client database, and affixed signature as branch manager to approve certain securities transfers.

Phillip Securities (Thailand) detected such dishonest behaviors and consequently terminated her employment and demanded that she pay compensations to all of the inflicted cilents.

Pornthip?s misconducts were deeemed dishonest performance of duties, interfering with investors? assets in concealment and creating false evidience in violation of or non-compliance with the notifications of the Capital Market Supervisory Board concerning rules on capital market personnel*. As a result, the SEC has revoked her approval as capital market investor consultant for 10 years, starting from June 8, 2016.

SEC Deputy Secretary-General Tipsuda Thavaramara said: ?The SEC strongly advises against pre-authorization on blank forms or documents of any kind to prevent investment consultants from using such documents to seek unlawful personal gains. Also, regular review of documents and evidence on one?s own investment portfolios sent from the responsible intermediaries is another way to protect one?s own assets.?

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*Clause 20(1) of the Notification of the Capital Market Supervisory Board No. Tor Lor Thor 3/2555 Re: Granting of Approval for Intermediary Personnel as Investment Analyst and Investment Consultant dated 18 January 2012 and Clause 6(1) of the Notification of the Capital Market Supervisory Board No. Tor Thor/Nor/Khor 37/2553 Re: Prohibited Characteristics of Capital Market Personnel date 15 September 2010, which were non-compliance with Clause 23(1) and Clause 31(1) [regarding prohibited characteristics of capital market personnel] of the Notification of the Capital Market Supervisory Board No. Tor Lor Thor 8/2557 Re: Rules on Capital Market Personnel date 3 June 2014, which has replaced the first two notifications above.