Pete agrees to SEC civil sanctionPete: Accepts fines worth B58.8mTelecom tycoon Pete Bodharamik has accepted a civil sanction for insider trading imposed by the Securities and Exchange Commission (SEC) worth 58.77 million baht. Mr Pete complied with the SEC's civil sanction on Oct 2, according to the SEC website. The civil sanction sum has been submitted to the Finance Ministry, said SEC secretary-general Ruenvadee Suwanmongkol. Shortly afterward, Mr Pete resigned as chief executive of JAS and media conglomerate Mono Technology. An executive of a brokerage who asked to remain anonymous said Mr Pete is expected to still "dominate the decision-making process through his nominee".

Source: Bangkok Post October 09, 2019 21:33 UTC