Office of the Securities and Exchange Commission (SEC) Received complaints from customers. Maybank Securities (Thailand) Public Company Limited and further investigation found that Between December 2022–March 2023 Miss Sasakorn Likhitsomboon Has the behavior of committing an offense and causing damage to customers as follows:
1. Invite customers to subscribe to shares of Master Style Public Company Limited or MASTER that will be offered for sale to the public for the first time (IPO), which Maybank Securities (Thailand) Public Company Limited has not been appointed to distribute such shares Ms. Sasakorn Likitsombun had customers transfer money into their own savings accounts totaling 3 million baht, but did not subscribe to MASTER shares and did not refund the money to customers.
2. After MASTER shares were traded on the Stock Exchange, Ms. Sasakorn ordered MASTER shares in the customer’s securities trading account for a total of 5.68 million baht. The customer did not order and did not consent. When the customer learned of the matter, she ordered the sale of MASTER shares from instant account
In this regard, the SEC considered and considered that Ms. Sasakorn’s actions according to item 1 were a failure to perform her duties. or provide services with honesty and integrity By taking the investor’s property illegally and according to item 2, it is a failure to perform duties with responsibility and caution like a professional. which decides to buy and sell stocks for investors even though the investors did not order them Including it is a prohibited characteristic of personnel in the capital market according to the announcement of the Supervisory Board.
The SEC therefore revoked the approval to be an investment advisor for complex instruments, Type 1, and set the period for considering Ms. Sasakorn’s next request for approval to be a personnel in the capital market business. For 6 years 9 months from 25 April 2024 onwards.
While determining the punishment, the SEC has taken the following factors into consideration: the role, involvement and behavior of the person being considered, the punishment that that person received. already received impacts, damages or benefits incurred, corrections or other actions that benefit or hinder the performance of the SEC, and any other past history or behavior that shows Suitable to be a personnel in the capital market business
In addition, the SEC would like to remind investors to subscribe to IPO shares only with underwriters who have been appointed to act as distributors. And do not transfer securities trading funds into the personal account of the investment advisor because this may be a channel for corruption and you may lose a large amount of money. In case of doubt, you should contact the service company. or inquire at “Complaint and Whistleblower Center” call 1207 or the Facebook page “SEC Office” or SEC Live Chat at the SEC website.
