Bangkok, 28 January 2021 – The Securities and Exchange Commission (SEC) has imposed a four-year suspension of approval as capital market business personnel for Mr. Pusit Kaewmongkolsri, who was working at Maybank Kim Eng (Thailand) Public Company Limited at the time of the offense, on account of taking important information and business secrets of the company without approval.
Following
a report from Maybank Kim Eng and SEC’s further investigation, it was found
that from the month of May to 5 October 2016, Pusit, who was the company’s
executive at the time, had taken important information and business secrets of
the company without approval. He later resigned from the company.
SEC
has considered that Pusit failed to perform duties with loyalty* and therefore
suspended approval for him as capital market business personnel for four years,
starting from 29 January 2021. As a result, he is also banned from holding the
positions of director and executive of capital market businesses during the
suspension period.
SEC
reiterates that personnel in capital market businesses must perform duties or
provide services with integrity and act in accordance with ethics or
professional standards of conduct, especially the executives who oversee
compliance of business operators in accordance with the law, standards and
ethics of business operation, to build investors’ confidence.
_______________________________
*
Pursuant
to Clause 23(1) and the prohibited characteristics of personnel in the capital
market business under Clause 31(1) of 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, as amended by the
Notification of the Capital Market Supervisory Board No. Tor Lor Thor. 48/2560
Re: Rules on Personnel in the Capital Market Business (No. 7) dated 30
August 2017.