SEC Investigates Suspicious Stock Reports by Supaporn
Thailand's SEC is investigating stock reports filed by Supaporn Phimngam after discovering inconsistencies including non-existent securities, missing shareholder records, and filings submitted by someone not legally required to report. Pena
The Securities and Exchange Commission (SEC) announced it is conducting a thorough investigation into stock acquisition and disposal reports filed by Supaporn Phimngam. The SEC confirmed Supaporn submitted the Form 246-2 filings, but found numerous inconsistencies in the reported data.
Seven reports covering six securities were entered into the system on June 30 and July 2, 2569, reporting acquisitions spanning from 2564 onwards that were only recently reported. The filings showed only acquisitions with no corresponding sales, and verification of five securities found Supaporn's name absent from shareholder registries following the acquisition dates. Additionally, some reported securities do not appear to exist, and shareholding proportions do not match company disclosures.
The SEC also discovered Supaporn filed reports under Section 59 despite not being a required filer—she is not a director, executive, or person legally obligated to report. These filings have been removed from the system. The SEC has flagged all remaining Form 246-2 reports with a notice stating they are "under verification" to alert investors.
The SEC warned that if false or misleading reports are confirmed, penalties will follow. Unauthorized filers who knowingly submit false statements, misleading information, or conceal facts face up to one year imprisonment and fines up to 100,000 baht under Section 302/1. The SEC may also pursue charges under computer crime laws. The Form 246-2 system allows self-declared reporting by authorized parties to disclose changes in control or shareholding changes relevant to investor decisions. However, when discrepancies are detected, the SEC conducts verification and alerts investors accordingly.
