The Securities and Exchange Commission (SEC) recently imposed civil sanctions on Mr. Worawoot Ounjai and Miss Patcharapat Tongwaen for their involvement in insider trading of COL shares. Both individuals are required to pay fines and are prohibited from holding director positions for specific durations. The SEC’s actions highlight the consequences of engaging in illegal trading practices.
Mr. Ounjai and Miss Tongwaen were found guilty of insider trading by the SEC, resulting in the sanctions imposed on them. The penalties serve as a deterrent to others who may consider participating in similar illicit activities. The SEC’s enforcement of regulations aims to maintain fairness and transparency in the financial markets.
The article originally published by the SEC emphasizes the importance of upholding ethical standards in securities trading. Insider trading is a violation of securities laws and can have severe consequences for those involved. The SEC’s actions against Mr. Ounjai and Miss Tongwaen demonstrate its commitment to enforcing regulations and holding individuals accountable for illegal activities in the financial sector.
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