The Information · Bangkok Post
SEC mulls change to self-reporting
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The Securities and Exchange Commission (SEC) is considering reviewing its shareholder disclosure framework to strengthen investor confidence and avoid a repeat of the recent incorrect self-declared reporting that involved True Corporation.
Key facts
- The Securities and Exchange Commission (SEC) is considering reviewing its shareholder disclosure framework to strengthen investor confidence and avoid a repeat of the recent incorrect self-declared reporting that involved True Corporation.
- Anek Yooyuen, deputy secretary-general and spokesman for the SEC, said the regulator is in the final stages of gathering and assessing evidence following a joint fact-finding process with the Economic Crime Suppression Division (ECD) of
- According to Mr Anek, the SEC and ECD questioned Ms Supaporn on July 10 as part of the investigation
- The SEC flagged irregularities in the filing and informed the market on July 3 the information was preliminary and subject to verification
Summary
Anek Yooyuen, deputy secretary-general and spokesman for the SEC, said the regulator is in the final stages of gathering and assessing evidence following a joint fact-finding process with the Economic Crime Suppression Division (ECD) of the Royal Thai Police regarding an individual who appeared in SEC filings as the reported owner of a 7% stake in True.
True executives said they were unaware of Supaporn Phimpong being a shareholder in the telecom company.