Bangkok, 17 August 2016 - The SEC has suspended two capital market investment consultants, namely {A} for making unauthorized trading decisions, and {B} for giving investment advice without any reference to analysis report.

In the case of {A}, a client filed a complaint against her and the SEC's further investigation revealed that she had made decisions to purchase securities without the client's authorization, consequently causing damage to the client. She was working for Globlex Securities Co., Ltd. when the misconduct was committed.

In the case of {B}, according to a client's complaint, his employer AIRA Securities Public Company Limited's report and the SEC's further investigation, he was found to have given investment advice on specific securities at a seminar and via Line application based on his own opinion without reference to any research paper from a reliable source.

Both investment consultants have failed to perform duties with responsibility and deliberation as a professional in violation of the Notification of the Capital Market Supervisory Board concerning Rules on Personnel in the Capital Market Business*. The SEC has therefore imposed a six-month suspension on {A}, effective from 12 August 2016, and an eight-month suspension on {B}, effective from 18 August 2016.

Investment consultants are strongly advised to render services strictly within the scope of their responsibility with reference to reliable sources and according to the code of professional conduct, including provision of investment advice on specific securities through any channels.

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* Violation of Clause 23(2) and having prohibited characteristics of capital market personnel under Clause 31(1) of the Notification of the Capital Market Supervisory Board No. Tor Lor Thor. 8/2557 Re: Rules on Personnel in Capital Market Business dated 3 June 2014.