Bangkok, October 9, 2014 - The SEC disclosed inappropriate behavior and suspended four securities investment consultants, then employees of Globlex Securities Company Limited, namely {A}, {B}, and {C} and a capital market investment consultant, namely {D}.

Following the report and further probed into the case by Globlex Securities Company Limited, it was found during the first investigation that {A} and {B}, two securities investment consultants, and {D}, a capital market investment consultant, failed to completely record a client's securities trading orders. Furthermore, the second investigation showed that a number of clients' securities trading orders were not completely recorded.

For {C}, the first investigation revealed that she failed to completely record her advice and a client's securities trading order and the similar failure was found during the second investigation, in case of another client.

Failure to record the securities trading orders was in violation of the Notifications of Capital Market Supervisory Board concerning personnel in the capital market*, the SEC therefore,-
1. Disclosed inappropriate behavior of {A}, a securities investment consultant and {D}, a capital market investment consultant, for the misconducts found during the first investigation. For the misconducts found in the second investigation, two-month suspensions were imposed on both of them. Considering that they had been subject to a month suspension by Globlex Securities Company Limited, however, the suspension period shall remain one month;
2. Imposed two-month suspension on {B}, a securities investment consultant; and
3. Disclosed inappropriate behavior of {C}, a securities investment consultant.

Suspension of {A} and {B} will be effective from October 10, 2014 while that of {D} will be effective from October 7, 2014.

Note:   Clauses 20(3) of the Notification of Capital Market Supervisory Board No. TorLorThor. 3/2555 and prohibited characteristics of personnel in the capital market business under Clause 6(1) of the Notification of Capital Market Supervisory Board No. TorThor/Nor/Khor. 37/2553 and in violation of Clauses 23(3) which is prohibited characteristics of personnel in the capital market business under Clause 31(1) of the Notification of Capital Market Supervisory Board No. TorLorThor. 8/2557 re: Regulations for Personnel of Business Operators in the Capital Market dated June 3, 2014 which have been promulgated in replacement of the said two notifications.

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