Bangkok, April 27, 2016 ? The SEC has revoked approval as securities investment consultant of three employees of AIA Co., Ltd., namely (1) Atcmima Pattanapinyokul, (2) Laddawan Preechasiriratna, and 3) Orapin Raiwiboon. In connection with the case, the application for approval as investment consultant submitted by {A} has been rejected. 

According to a report from Thailand Securities Institute (TSI), the Stock Exchange of Thailand, there was an incident of intentional dishonest act committed on December 11, 2014 when Atcmima took an exam for qualifying investment consultant under the name of another person.  Further investigation revealed that similar dishonest acts had been committed earlier as Atchima had also taken similar exams for Laddawan, Orapin, {A} and other persons at the total of 15 times within seven months up until this latest case.   

Laddawan, Orapin and Napas submitted to the SEC the results of the exam taken by Atcmima for their respective approval as investment consultant. The group behaviors of these persons demonstrated their dishonest tendency right from the beginning of their professional career, and thus threatened potential misconduct to clients in the future.

As a result of their acts, the aforesaid four persons are deemed to possess prohibited characteristics of capital market personnel as specified in the Notification of the Capital Market Supervisory Board No. Tor Lor Thor 8/2557 Re: Rules on Personnel in the Capital Market Business dated 3 June 2014. 

The SEC has therefore revoked Atchmima's approval as securities investment consultant for 10 years, and Laddawan's and Orapin's for 0eight years each. In addition, {A}' s application for approval as investment consultant has been rejected, and the SEC will not accept her future applications for approval as capital market personnel for a period of six years, starting from April 27, 2016.