SEC Charges Woman With Filing False Share Disclosure Forms
A woman has been charged with submitting false share-disclosure and securities transaction reports to Thailand's SEC for multiple listed companies between June and July, despite never actually holding or trading shares in any of them.
The Securities and Exchange Commission (SEC) has filed charges against Supaporn Pimpongse with the Economic Crime Suppression Division for submitting false share-holding and derivative transaction reports for directors, executives, auditors, and plan administrators (Form 59) and false securities acquisition or disposal reports (Form 246-2) to the SEC office. The SEC's investigation determined that Supaporn submitted four Form 59 reports covering four listed companies between June 27-28, 2569, and seven Form 246-2 reports covering six listed companies between June 30 and July 2, 2569. However, Supaporn never actually held shares or acquired or disposed of securities in any of these listed companies as claimed in the reports. Her actions constitute filing false documents with the SEC, violating Section 302/1 of the Securities and Exchange Act, B.E. 2535.
The SEC said it carefully monitored Supaporn's filings and took immediate action upon detecting irregularities. The commission removed her Form 59 data from the system when it discovered she was not a director, executive, or authorized reporting person. It marked the Form 246-2 reports as "preliminary information" on July 3, 2569, to alert investors. On July 7, the SEC changed the status to "under verification" while conducting deeper investigation. After confirming the inaccuracies with relevant parties, the SEC removed all reported data from its public database on July 8, 2569.
Enok Yueyuen, SEC Deputy Secretary-General and Spokesperson, stated that the SEC followed proper procedures and prioritized data accuracy for investor decision-making. The commission immediately flagged the Form 246-2 irregularities while conducting thorough evidence gathering before removing the data from the system. On July 10, 2569, the SEC coordinated with the Economic Crime Suppression Division to verify Supaporn's identity and request her statement, following due process of law. The SEC is now studying additional preventive measures in collaboration with relevant parties to strengthen confidence in capital market information.
