Bangkok, November 18, 2015 ? The SEC Settlement Committee has imposed fines on Bordin Sangarrayakul and Noparat Jongyin for manupulating the share price of PYLON Public Company Limited (PYLON), and Worathan Uahvilaijit for assisting them with such wrongdoing, at the total amount of 6,704,138.33 baht.

According to a referral from the Stock Exchange of Thailand (SET) and the SEC?s own investigation during February 2 ? May 15, 2012, Bordin and Noparat had colluded or mutually agreed to use four securities trading accounts of other persons to trade PYLON shares in concealment to inflate the price and the trading volume of such shares on a large scale. 

In addition, several trading orders were matched within the same group, causing the PYLON trading to be inconsistent with the normal market condition to mislead the general public about the share price and the trading volume, and lure them to trade such shares.

Worathan rendered assistence and convenience to the aforesaid wrongful acts with regard to related financial transactions such as opening securities trading accounts, making deposits, and withdrawing money to pay for the trading orders in the aforesaid securities trading accounts.

Such offences committed by Bordin and Noparat were liable to violation of Section 243(1) in conjunction with Section 244 and Section 243(2) of the Securities and Exchange Act (SEA) B.E. 2535 (1992) and Section 83 of the Penal Code.

The Settlement Committee, therefore, imposed fines on Bordin and Noparat at the amounts of 5,870,805 baht and 500,000 baht, respectively. Worathan?s actions were liable to violation of Section 243(1) in conjunction with Section 244 and Section 243(2) of the SEA, and Section 86 of the Penal Code. Consequently, she was fined at the amount of 333,333.33 baht.