The Thailand Securities and Exchange Commission has revoked the approval of Miss Suntaree Kitipanya as an Investment Consultant for Complex Products Type 1 and imposed a 10-year period during which any application by her to act as capital market business personnel will not be accepted. The action follows the regulator’s finding that, while employed by Krung Thai Bank Public Company Limited, she failed to perform her duties honestly and in good faith by misappropriating investor assets. Because her approval had already expired on 31 December 2025, the 10-year non-acceptance period starts on 13 May 2026. According to an inspection report from Krung Thai Bank and the SEC’s investigation, the misconduct ran from April 2018 to December 2024 and involved 11 clients with total losses of THB 115,550,000. She received withdrawal forms or cash, signed purchase order forms, and copies of clients’ identification cards and bank passbooks from clients intending to invest in funds, but did not execute the purchases as instructed. She also prepared or altered documents, including false summary statements covering deposits, investment funds, and insurance, to conceal the misconduct and mislead clients into believing their investments remained intact. After the bank detected the misconduct, she admitted wrongdoing and partially reimbursed affected clients, and the bank reimbursed the remaining amounts in full.

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