The Committee found that Seamico Securities PCL gave compensation to a marketing officer in excess of that stipulated in SET’s regulations. In addition, the company did not comply with the Regulations on Internet Trading Commissions.
By virtue of Articles 23, 30, 32 and 33 of the regulations, the Disciplinary Committee has fined the company THB 1,130,000.
The firm is also required to place the two marketing officers involved in the above case on probation for one year. In addition, the company must ensure that the three executives to strictly comply with the Exchange’s regulations.
Seamico Securities PCL and their executives have accepted the above penalties and stated that they are now strictly observing the regulations. The company has guaranteed the Exchange that their executives will supervise operations vigilantly, that better internal controls are in place and that all operations meet SET’s and the Thai Securities and Exchange Commission’s requirements.
For more information, please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Sarinluck Jitkawong Tel: 0-2229-2037 / Watsamon Saowakhonsathien Tel: 0-2229-2797