Bangkok, June 10, 2014 - The SEC suspended two capital investment consultants, namely {A} and {C}, and a securities investment consultant {B} for trading securities on behalf of the client and failure to record the client's securities trading orders. They were RHB OSK Securities (Thailand) Plc. (OSK Securities) employees.

From a routine inspection of RHB OSK Securities (Thailand) Plc, the SEC found that {A} had been authorized by his client to make securities trading decisions on the client's behalf with high trading volume. The communication record showed that {A} traded the securities and later informed his client of the trading orders already submitted. The client did not specify securities, amount and price but accepted the transactions.

Making securities trading decisions on behalf of client is in violation of Clause 20(2) 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 (Notification No. TorLorThor. 3/2555). Accordingly, the SEC suspended {A} for three months from his duty as the approved capital investment consultant. Considering that {A} had already been suspended by OSK Securities for one month, however, the suspension imposed by the SEC shall remain two months, effective from June 10, 2014.

In case of {B} and {C}, investment consultants of a team, they jointly submitted the securities trading orders and informed the client afterwards. The client accepted the transactions while certain communication record indicating the client allowed {B} to make securities trading decisions on the client's behalf. In addition, OSK Securities probe further into the case and found that {C} failed to record several securities trading orders and trading consultations. Thus, the actions of {B} and {C} were considered as trading securities on behalf of the client in violation of Clause 20(2) of the Notification No. TorLorThor. 3/2555. Besides, {C} failed to record the client's securities trading orders in violation of Clause 20(3) of the Notification No. TorLorThor. 3/2555. In this case, the SEC suspended {B} for one month and {C} for two months from their duties as the approved securities and capital investment consultants respectively. In case of {C} who had already been suspended by OSK Securities for one month, the suspension imposed by the SEC shall remain one month. The aforesaid two suspensions will be effective from June 10, 2014