SEC Revokes KTB Advisor's License for 10 Years Over 115 Million Baht Corruption

Thansettakij•Economy•17d ago

Reader Briefing

The Thai Securities and Exchange Commission (SEC) has revoked the license of investment advisor Suntharee Kittipanya for 10 years due to fraudulent actions involving 11 investor accounts and a total of 115.55 million Baht.

•The SEC has revoked the license of investment advisor Suntharee Kittipanya for 10 years.
•The revocation is due to fraudulent acts against investor assets totaling 115,550,000 Baht across 11 client accounts.
•The fraudulent activities occurred while Suntharee Kittipanya was affiliated with Krungthai Bank.
•The SEC's decision comes after an investigation prompted by a report from Krungthai Bank.

Overview

•From April 2018 to December 2024, Ms. Suntharee engaged in fraudulent activities against investor assets.
•Ms. Suntharee presented investment funds and accepted withdrawal slips or cash, and customer identification documents, but did not purchase funds as per customer wishes.
•Ms. Suntharee also prepared or altered documents and delivered them to customers to conceal the situation, misleading customers about their investment values.
•The SEC's decision to revoke the license is because Ms. Suntharee failed to perform duties or provide services with honesty and integrity, misappropriating investor assets.
•Ms. Suntharee's license to be an investment advisor for complex securities type 1 was revoked for 10 years.
•Ms. Suntharee's previous license expired on December 31, 2025.
•The SEC will not consider Ms. Suntharee's application for approval as a capital market businessperson for 10 years, commencing from May 13, 2026.
•The SEC advises investors to regularly check their unit holding statements and bank accounts and avoid providing important transaction documents like withdrawal slips, ID cards, or deposit books to investment advisors for them to handle transactions.

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Key Entities

Organization

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The regulatory body that revoked Suntharee Kittipanya's investment advisor license.

Krungthai Bank Public Company Limited(ธนาคารกรุงไทย จำกัด (มหาชน))ℹ️

The bank where former investment advisor Suntharee Kittipanya was affiliated during her fraudulent activities.

Person

Suntharee Kittipanya(สุนทรี กิติปัญญา)

Former investment advisor whose license was revoked by the SEC for 10 years due to fraud.