SEC fines 18 individuals 172 million baht for META stock manipulation

Post Today•Economy•4d ago

Reader Briefing

The Securities and Exchange Commission (SEC) has imposed civil sanctions on 18 individuals for collaborating to manipulate the trading price and volume of Meta Corporation Public Company Limited (META) shares.

•18 individuals were found to have manipulated META shares between 2018 and 2020.
•The SEC imposed civil penalties including fines, restitution of benefits, and bans on trading and management roles.
•The manipulation involved coordinated buy/sell orders and Big Lot transactions to mislead the public.
•The SEC received information from the Stock Exchange of Thailand between 2018 and 2020.

Overview

•The Securities and Exchange Commission (SEC) identified 18 individuals with personal, account, trading behavior, and financial ties who collaborated to manipulate META shares.
•The 18 individuals coordinated orders in similar amounts, prices, and times, and used Big Lot transactions to create a misleading impression of META share price and volume.
•The manipulation occurred in three periods: February 26, 2018 – June 29, 2018; July 2, 2018 – June 28, 2019; and July 1, 2019 – February 3, 2020.
•The Civil Sanction Committee (CSC) ordered civil fines, restitution of benefits, and reimbursement of SEC investigation expenses for the 18 individuals.
•Individual penalties vary, such as Natpapat Keschaimongkol paying 39,051,413 baht and Narut Wiwatthanakrai paying 26,561,127 baht.
•The SEC imposed bans on trading securities or derivatives and prohibitions on serving as directors or executives for varying durations for the offenders.
•If any offender does not consent to the sanctions, the SEC will request the public prosecutor to file a lawsuit in Civil Court for the maximum penalty allowed by law.
•All civil fines and restitution funds will be submitted to the Ministry of Finance as state revenue.

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Key Entities

Organization

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The regulatory body that investigated and imposed civil sanctions on 18 individuals for stock manipulation.

Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The organization that provided information to the SEC regarding the stock manipulation between 2018 and 2020.

Meta Corporation Public Company Limited(บริษัท เมตะ คอร์ปอเรชั่น จำกัด (มหาชน))

The company whose shares (META) were manipulated by the 18 individuals.

Civil Sanction Committee(คณะกรรมการพิจารณามาตรการลงโทษทางแพ่ง)

The committee that resolved to apply civil sanctions against the 18 offenders.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The entity to which the civil fines and restitution funds are submitted as state revenue.

Law

Securities and Exchange Act 1992(พระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์ พ.ศ. 2535)

The law under which the offenders were found guilty of manipulating securities prices.

Criminal Code(ประมวลกฎหมายอาญา)ℹ️

The legal code cited in conjunction with the Securities and Exchange Act.

Person

Chanon Wangtan(นายชนน วังตาล)

An individual sanctioned for manipulating META shares, ordered to pay 11,890,830 baht.

Titanan Runroengjai(นางสาวทิตานัน หรุ่นเริงใจ)

An individual sanctioned for manipulating META shares, ordered to pay 1,572,758 baht.

Pichet Permsap-hiran(นายพิเชษฐ์ เพิ่มทรัพย์หิรัญ)

An individual sanctioned for manipulating META shares, ordered to pay 1,521,497 baht.

Natpapat Keschaimongkol(นายณัฐปภัสร์ เกสร์ชัยมงคล)

An individual sanctioned for manipulating META shares, ordered to pay 39,051,413 baht.

Monthika Mongkolnawin(นางสาวมณทิกา มงคลนาวิน)

An individual sanctioned for manipulating META shares, ordered to pay 2,614,852 baht.

Narut Wiwatthanakrai(นายณรุจ วิวรรธนไกร)

An individual sanctioned for manipulating META shares, ordered to pay 26,561,127 baht.

Monchit Surachaidangthawin(นายมนชิต สุรชัยดังถวิล)

An individual sanctioned for manipulating META shares, ordered to pay 1,114,467 baht.

Phoranee Mekdamrongsang(นางสาวภรณี เมฆดำรงแสง)

An individual sanctioned for manipulating META shares, ordered to pay 4,825,646 baht.

Bowon Rungrueangnaowarat(นายบวร รุ่งเรืองเนาวรัตน์)

An individual sanctioned for manipulating META shares, ordered to pay 12,032,111 baht.

Kamataya Sornwaneeyarak(นางสาวกมาตยา ศรวณียารักษ์)

An individual sanctioned for manipulating META shares, ordered to pay 13,130,946 baht.

Anchada Theeraphongwisanuphon(นางสาวอัญชฎา ธีรพงศ์วิษณุพร)

An individual sanctioned for manipulating META shares, ordered to pay 3,057,281 baht.

Visarn Wiwatthanakrai(นายวิสาร วิวรรธนไกร)

An individual sanctioned for manipulating META shares, ordered to pay 26,284,123 baht.

Supalak Setthapanich(นางสาวศุภลักษณ์ เศษธะพานิช)

An individual sanctioned for manipulating META shares, ordered to pay 3,728,194 baht.

Sumeth Setthapanich(นายสุเมธ เศษธะพานิช)

An individual sanctioned for manipulating META shares, ordered to pay 13,180,759 baht.

Arut Thanasuwannadithee(นายอรุต ธนาสุวรรณดิถี)

An individual sanctioned for manipulating META shares, ordered to pay 1,991,636 baht.

Paitoon Wongwatcharamongkol(นายไพฑูรย์ วงศ์วัชรมงคล)

An individual sanctioned for manipulating META shares, ordered to pay 5,536,886 baht.

Seksan Khrongphanit(นายเสกสรร ครองพาณิชย์)

An individual sanctioned for manipulating META shares, ordered to pay 2,949,746 baht.

Supasit Phokinjarurat(นายศุภศิษฏ์ โภคินจารุรัศมิ์)

An individual sanctioned for manipulating META shares, ordered to pay 1,521,497 baht.