SEC to accelerate legal action against market offenders

The Securities and Exchange Commission (SEC) plans to take legal action against offenders under the Securities and Exchange Act this week, in a move to restore confidence in the Thai stock market.

Anek Yooyuen, deputy secretary-general of the SEC, said the regulator will continue to take action against offenders in various cases to protect the benefits of investors and relevant parties.

For the rest of this year, the SEC expects to charge the offenders in a handful of cases, most of which are civil charges related to price manipulation and executive mismanagement.

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Based on the ongoing investigations of several cases, the SEC will announce charges in one major case this week, though details cannot be divulged at this stage.

Meanwhile, the regulator recently accelerated the launch of the Thai ESG Fund (TESG) to suit growing demand from investors for tax deductions.

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