The Thailand Securities & Exchange Commission has revoked Ms. Usa Pullkerd’s approval as a general investment consultant and imposed a 10-year ban on any future applications for approval as capital market business personnel, effective from 22 July 2025. The action follows findings that, while employed by Bangkok Bank Public Company Limited, she failed to perform her duties with honesty and good faith by wrongfully acting against an investor’s assets. Based on the bank’s inspection report and the SEC’s fact-finding, the misconduct occurred during 2021–2023 and involved using pre-signed withdrawal slips and copies of the client’s identification card, as well as withdrawal documents signed by other clients, to withdraw funds from the client’s deposit account on 18 occasions. The funds were transferred to her own deposit account or used to pay insurance premiums for a related person, while entries were made in the client’s passbook to indicate that the withdrawals were for purchasing investment units even though no units were purchased, causing losses of THB 15.1 million. The SEC treated the conduct as prohibited characteristics under the Capital Market Supervisory Board notification, and noted that the bank settled with the client and compensated the damages. The SEC also set out factors it considers when determining administrative sanctions, and urged investors to regularly review investment and bank account records and avoid pre-signing or leaving key transaction documents with investment consultants.

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