SEC suspends an investment consultant for not taping investment advice and client’ s orders

Stocks and Financial Services Press Releases Monday January 21, 2013 17:30
Bangkok--21 Jan--SEC

The SEC imposed a one-month suspension on Waraporn Waramitr, a capital market investment consultant of OSK Securities (Thailand) PLC, for not taping her investment advice and client’ trading orders, effective from January 19, 2013.

The SEC found from its routine inspection that Waraporn had failed to record her investment advice and a client’s securities trading orders for 14 days as evidenced by large amount of related transactions. She then admitted that she took the client’s trading orders via mobile phone.

The aforesaid actions are in violation of Clause 20(3) of the Notification of Capital Market Supervisory Board No. TorLorThor. 3/2555 re: Approval for Personnel of Business Operators to Perform Duties of Analyzing Investment and Giving Investment Advice dated January 18, 2012. The SEC therefore suspended Waraporn from duty as approved capital market investment consultants for one month.


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