SEC penalizes 18 for META share price manipulation

Matichon•Economy•20d ago

Reader Briefing

The SEC has imposed civil sanctions on 18 individuals for manipulating the share price and trading volume of Meta Corporation Public Company Limited.

•The SEC imposed civil penalties totaling 172,565,769 baht on 18 individuals.
•The offenders manipulated META shares between 2018 and 2020.
•Sanctions include prohibitions on trading securities and serving as directors or executives.
•The investigation was initiated based on information from the Stock Exchange of Thailand.

Overview

•The SEC received information from the Stock Exchange of Thailand regarding META share trading during 2018-2020.
•The 18 individuals used coordinated orders in volume, price, and timing, as well as Big Lot trades, to mislead the public about the price or volume of META shares.
•The Civil Sanction Committee ordered the 18 individuals to pay a total of 172,565,769 baht.
•The 18 offenders were involved in three periods: 12 people from February 26-June 29, 2018; 13 people from July 2, 2018-June 28, 2019; and 14 people from July 1, 2019-February 3, 2020.
•Individual penalties vary, with Natpapat Keschaichaimongkol paying the highest amount of 39,051,413 baht.
•Naruj Wiwattanakrai received the maximum ban of 51 months for trading securities and 102 months for serving as a director or executive.
•If the offenders do not consent to the measures, the SEC will request the public prosecutor to file a lawsuit in the Civil Court.
•Civil fines and disgorged benefits 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 imposed civil sanctions on 18 individuals for share price manipulation.

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

The company whose shares were subject to price and volume manipulation.

Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The organization that provided information to the SEC regarding the share trading activities.

Civil Sanction Committee(คณะกรรมการพิจารณามาตรการลงโทษทางแพ่ง)

The committee that resolved to apply civil sanctions and determine payment amounts and bans for the offenders.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry that will receive the civil fines and disgorged benefits as state revenue.

Law

Criminal Code(ประมวลกฎหมายอาญา)ℹ️

The law cited under Section 83 in relation to the joint creation of securities prices.

Person

Chanon Wangtan(ชนน วังตาล)

One of the 18 individuals penalized for META share manipulation, ordered to pay 11,890,830 baht.

Titanan Runroengjai(ทิตานัน หรุ่นเริงใจ)

One of the 18 individuals penalized for META share manipulation, ordered to pay 1,572,758 baht.

Pichet Permsup-hiran(พิเชษฐ์ เพิ่มทรัพย์หิรัญ)

One of the 18 individuals penalized for META share manipulation, ordered to pay 1,521,497 baht.

Natpapat Keschaichaimongkol(ณัฐปภัสร์ เกสร์ชัยมงคล)

One of the 18 individuals penalized for META share manipulation, ordered to pay 39,051,413 baht.

Montika Mongkolnavin(มณทิกา มงคลนาวิน)

One of the 18 individuals penalized for META share manipulation, ordered to pay 2,614,852 baht.

Naruj Wiwattanakrai(ณรุจ วิวรรธนไกร)

One of the 18 individuals penalized for META share manipulation, receiving the maximum trading and management bans.

Monchit Surachaidangthawin(มนชิต สุรชัยดังถวิล)

One of the 18 individuals penalized for META share manipulation, ordered to pay 1,114,467 baht.

Phoranee Mekdamrongsaeng(ภรณี เมฆดำรงแสง)

One of the 18 individuals penalized for META share manipulation, ordered to pay 4,825,646 baht.

Bowon Rungrueangnaowarat(บวร รุ่งเรืองเนาวรัตน์)

One of the 18 individuals penalized for META share manipulation, ordered to pay 12,032,111 baht.

Kamataya Sornwaneeyarak(กมาตยา ศรวณียารักษ์)

One of the 18 individuals penalized for META share manipulation, ordered to pay 13,130,946 baht.

Anchada Teerapongwisanuporn(อัญชฎา ธีรพงศ์วิษณุพร)

One of the 18 individuals penalized for META share manipulation, ordered to pay 3,057,281 baht.

Wisan Wiwattanakrai(วิสาร วิวรรธนไกร)

One of the 18 individuals penalized for META share manipulation, ordered to pay 26,284,123 baht.

Supalak Setthaphanit(ศุภลักษณ์ เศษธะพานิช)

One of the 18 individuals penalized for META share manipulation, ordered to pay 3,728,194 baht.

Sumeth Setthaphanit(สุเมธ เศษธะพานิช)

One of the 18 individuals penalized for META share manipulation, ordered to pay 13,180,759 baht.

Arut Thanasuwandithi(อรุต ธนาสุวรรณดิถี)

One of the 18 individuals penalized for META share manipulation, ordered to pay 1,991,636 baht.

Paitoon Wongwatcharamongkol(ไพฑูรย์ วงศ์วัชรมงคล)

One of the 18 individuals penalized for META share manipulation, ordered to pay 5,536,886 baht.

Seksan Khlongphanit(เสกสรร ครองพาณิชย์)

One of the 18 individuals penalized for META share manipulation, ordered to pay 2,949,746 baht.

Supasit Phokinjarurat(ศุภศิษฏ์ โภคินจารุรัศมิ์)

One of the 18 individuals penalized for META share manipulation, ordered to pay 1,521,497 baht.