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The Securities and Exchange Commission (SEC) attacks corruption officials for misappropriation of money for clients
Date May 06, 2020 Time 06:53 hrs.
The SEC punished investment advisers for 10 years in fraud and embezzlement of client funds.
The Securities and Exchange Commission (SEC) Office has canceled the approval of being an investment adviser, Miss Sunisa Yamsonthiya, while committing an infringement under the Thai Military Bank Public Company Limited in the event of bad behavior. For Investor Assets Hiding, Hiding, Hiding, Creating False Evidence Fraud, misappropriation of customer funds and personal use for more than 2.5 million baht, and stipulates that the SEC will consider the approval request as a person in business from Miss Sunisa’s capital market. After 10 years from May 6, 2020
The SEC received a report from TMB Bank Public Company Limited, which is a licensed securities broker. And the underwriting of the investment units (Limited Broker Dealer and Underwriter: LBDU) and further investigation found that Ms Sunisa Yamsanthia, a securities investment advisor, misappropriated clients’ funds. By falsifying customer signatures and editing important customer information to access mobile banking services on behalf of customers and transfer funds from their accounts to their own accounts AND withdraw cash at the bank counter in the amount of 1 million baht using the withdrawal form that the customer has signed in advance but did not specify the amount. In addition, a mutual fund purchase transaction was made for clients by first transferring the mutual fund purchase price through their own accounts. It has dishonestly financed clients and used them to make personal gains of over 2.5 million baht
The SEC has found that Ms. Sunisa does not perform tasks or provide services honestly. Hiding, Hiding, Hiding, and Creating False Evidence Therefore, withdrawing approval to be an investment advisor and stipulating that the SEC will consider the application for approval as a person in Miss Sunisa’s capital market business after a period of 10 years, effective from May 6, 2020
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