Bangkok--8 Jul--SET
The Stock Exchange of Thailand (SET) has disciplined Bualuang Securities for non-compliance with SET regulations on internet trading commissions. In addition, the company gave marketing officers compensation which was not in accordance with the Exchange’s regulations. Thus, SET has fined BLS THB1,130,000 (approx. USD33,235) SET Executive Vice President Suthichai Chitvanich reported.
BLS must place the three marketing officers involved on probation for one year. In addition, the company must ensure that the three executives strictly monitor and control the company’s operations in compliance with the Exchange’s regulations,” added Mr. Suthichai.
BLS has accepted the above penalties and stated that they are observing regulations. The firm confirmed that they do not have any intention to violate SET regulations. The firm has assured the Exchange that their executives will supervise operations vigilantly, that more effective internal controls are in place and that all operations meet SET’s and the Thai Securities and Exchange Commission’s requirements.
Press office, please contact Public Relations Unit, the Corporate Communications Dept.:Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792