Bangkok--22 Mar--SEC
The SEC imposed a two-month suspension on Natthakrit Hiranphattrachot, a derivatives market investment consultant of Hua Seng Heng Gold Futures Co., Ltd.
The SEC received a report from Hua Seng Heng Gold Futures Co., Ltd. that Natthakrit frequently failed to keep records of his clients’ derivative trading orders. He also admitted taking such trading orders via mobile phone or customers’ instruction in the trading room. He failed to keep all clients’ trading orders and some trading orders were made after the trades were executed. In addition, Natthakrit has already been suspended by Hua Seng Heng Gold Futures Co., Ltd. but he kept repeating the same mistakes.
Investment consultants must keep taped evidence of their investment advice and a client’s trading orders when obtaining derivative trading orders from clients. In this regard, the aforesaid actions are in violation of Clause 20(3) of the Notification of Capital Market Supervisory Board No. TorLorThor. 3/2555 re: Approval for Personnel of Business Operators to Perform Duties of Analyzing Investment and Giving Investment Advice dated January 18, 2012. The SEC therefore suspended Natthakrit from his duty as an approved derivatives market investment consultant for a period of two months.
Taking into account that he has already been suspended by his employer for one month and fifteen days, the suspension imposed by the SEC shall be fifteen days, effective from March 22, 2013