The Securities and Exchange Commission (SEC) has taken urgent action to deal with fraudulent listed companies by filing criminal complaints against involved executives, aiming to protect the interest of small shareholders. Mr Somchai could not say at this time whether there will be further accusations against the management of listed companies. The four listed companies are International Engineering Plc (IEC), Group Lease Plc (GL), Inter Far East Energy Corporation Plc (IFEC), and Triton Holding Plc. IEC is the latest listed company to receive a criminal complaint from the SEC. Before the SEC Act was revised, some listed company executives were thought to engage in corruption, perform dishonest acts, or exploit benefits of retail investors.

Source: Bangkok Post November 01, 2017 22:07 UTC