Landslide operation OTHER stocks are tumultuous in the capital market circle.

From the stock trading event of More Return Public Company Limited or MORE, a large lot on the stock exchange on November 10, the past. Thailand Stock Exchange and the Securities and Exchange Commission (SEC) together with brokers immediately went down to inspect
The trading behavior was found to be abnormal. Because during the open market that day An ATO order for MORE shares was placed at a price of 2.90 baht per share, a significantly unusually high price. Because the market closing price on November 9, 2022 was 2.78 baht per share, but there were orders for 1,531.77 million shares on that day, worth more than 4,442 million baht.

The Thailand Stock Exchange and the SEC went to investigate. looking at the transactions From both brokers who set up 2 sales locations and more than 10 key order brokers, the buy-side transaction was found to come from only one person. which is Mr. Aphimuk Bamrungwong, the fourth largest shareholder of MORE, while the seller was found to be Mr. Amarit Klomchitcharoen. Number one major shareholder OTHER
The Exchange also delved into this Why Mr. Apimuk Therefore able to place orders for such a large number of shares, Aphimook was found to have opened a portfolio with various damaged brokers in April. Using MORE’s shares as collateral, MORE’s share price has increased a lot in the past 3 years, i.e. from 0.15 baht to almost 3 baht, making Mr. Aphimook Get trading limit from a broker of 300-500 million of baht ever.
November 14, stock price clearing: the broker can not sit

While on Monday November 14, 2022 there must be a payment (clearing) to complete the T+2 deal and with a large sum of money. Victim mediators expect The “order sender” would not be able to pay the price. In that case, the broker is fully responsible for this transaction. The damage is estimated at around 3 billion baht.
However, if clearing is allowed I believe there will be many brokers at risk of bankruptcy and will be permanently deleted from the system. While Mr. Apimuk’s fault may just be “wrong order key” which involves no money to pay the broker. At most, the broker just chased and failed for a few years. But not until prison and confinement
The broker agrees to be sued for order suspension only
However, the damage caused this time was considered very high. Therefore, the broker “does not allow” to pass – it is better to be embarrassed than to lose money! Corrupt brokers have gathered to meet with the SET and SEC to stop them! All OTHER stock trading orders!
But initially the stock market Do not allow cancellation of such trading orders. reasoning that it will affect other clients that are unrelated because there is ongoing stock buying As far as the SEC is concerned, it’s a matter between the broker and the client. And it’s just the negligence of the broker.
However, from the clarification to the SET It was seen that this issue was a violation of the Securities Act in terms of deliberate distortion of the price and volume of securities. This issue may have resulted in negligence with others besides those brokers. Because that day, the flashing price of 2.90 baht for 1,500 million shares, which was ordered, had a significant change in both value and price, which SET’s AI system. It must absolutely detect that the order is not sent normally. Including the stock market Obviously these orders are sent from the same account by all brokers and under the same name. But why didn’t you ask the broker what happened?
In addition, an annual “securities company CEO”-level meeting was held on November 12, where the CEOs requested an urgent meeting with the executives of the exchange. who concluded that victim mediators are happy to be sued. Stock market only Brake orders for MORE shares in the amount of 1531 million shares Mr. Aphimook sent orders and matched to which broker account? In which if there is damage, the client sues the broker will be responsible for everything
However, from a preliminary conclusion with the Thailand Stock Exchange There may be an order for the suspension of MORE shares, which is now being signed first with the SET, expected today (November 14) before the completion of the T+2 transaction which must be paid at 11:00. and will pay the seller at 2pm, who will sign all damaged brokers (buyer side) and undamaged brokers (seller side).
On the other hand, a news source in the brokerage industry told “Krungthep Turakij” that Mr. Aphimook received a call from a close person on Nov. 12 to clarify. to solve such problems. All payments will be made. But for about 2-3 days, the broker must first pay the seller for the shares. but no broker to trade with. Including now the matter has reached the point of money laundering and Securities Act violations.
Therefore, if the stock market agrees to stop the order for the above lot of stock first. The stockbroker will not receive any money to pay the seller.
‘4 Organizations’ Suspend Warehouse Orders MORE
Broker industry news sources revealed that yesterday morning (November 13), the relevant organizations, whether The Anti-Money Laundering Bureau (AMLO), the Special Investigation Department (DSI), the Thai Stock Exchange and the SEC convened an urgent meeting to resolve the problem with MORE actions.
According to the meeting, it was preliminarily concluded that trading orders for all 1,500 shares in question were suspended until it was clear that the buy and sell transaction was honest. At the same time, SET may consider suspending trading of MORE shares on Monday 14 November to avoid various problems. which may follow in the future
Victims sue DSI
Reporters yesterday reported that investors, brokers who have been harmed. participated in discussions with SEZ and officials of Department of Special Investigation or DSI which is an inside discussion at Thailand Stock Exchange building Also Ratchadapisek Road
by one of the victims revealed that It is an appointment to study a joint approach between the SEC and the DSI in filing a lawsuit. in cases of defrauding and defrauding the public and under the Securities and Exchange Act the victims group confirmed they will have to prosecute Because there are more than 10 victims and it is a fraud for criminals.
which now stands Approximately 14 brokers were injured, 11 of whom have clearly declared themselves victims of the purchase of MORE shares, while the other 3 brokers have not yet declared themselves. From brokers involved in MORE stocks, all 20 brokers, both buying and selling. The value of the damage is now more than 4,500 million baht.
And preliminarily know the information that the Mor company recently communicated to the victims on November 12, with discussions on the request for payment in installments. but did not clarify what kind of payment and how How long and how much is, so it seems that the value of more than 4,500 million can not be paid in installments, and the missing person also provided information that More company will ask to pay the sale price to the seller. which is likely to belong to the same group or not
However, they want the DSI to act. to prevent those involved in More’s company from leaving the country as well