The Thailand Securities and Exchange Commission has imposed a 10-year bar on Miss Sareerat Saechaw, an investment consultant formerly employed by ttb Bank Public Co., Ltd., for conduct indicating dishonesty and for wrongdoing against investor assets. The action revokes her approval and prevents any applications for approval to be capital market personnel from being considered during the period. Following an inspection report from ttb Bank and the SEC’s investigation, Sareerat was found to have misappropriated a client’s assets during 2015–2024 by withdrawing cash on the client’s credit card for personal use, replacing the client’s account contact details with her own to access internet banking and withdraw funds, and redeeming mutual fund units via internet banking and transferring proceeds to her own account. The client’s total losses were THB 389,622.60, which Sareerat has fully compensated. Because her investment consultant approval had already expired on 31 December 2024, the SEC set the 10-year non-consideration period to run from 15 October 2025. The SEC also urged investors to routinely review mutual fund holding reports and bank statements and avoid using, or allowing the use of, consultants’ email addresses or phone numbers for account communications or receipt of important documents.
Thailand Securities & Exchange Commission 2025-10-15
Thailand Securities and Exchange Commission bars former ttb Bank investment consultant from capital markets roles for 10 years over dishonest misuse of client assets
The Thailand Securities and Exchange Commission has imposed a 10-year bar on Miss Sareerat Saechaw, a former investment consultant at ttb Bank Public Co., Ltd., for misappropriating a client's assets. Sareerat withdrew funds using the client's credit card and internet banking, resulting in losses of THB 389,622.60, which she has fully compensated. The SEC advises investors to regularly review financial statements and avoid using consultants' contact details for communications.