The SEC asks the public prosecutor to sue 2 offenders for creating artificial quantities of digital assets in a digital asset trading center of Satang Corporation Co., Ltd.
The Securities and Exchange Commission (SEC) disclosed the civil sanctions against two offenders, namely (1) LLC Fair Expo (2) Mr. Mikalai Zahorski (Mr. Mikalai) in the case of creating The amount of digital assets in digital asset exchange Satang Pro (Satang Trading Center) of Stang Corporation Co., Ltd. (Satang Company) by filing a lawsuit in the Civil Court asking to impose civil sanctions. to pay a total of 12,080,646 baht, including setting a period prohibiting the trading of digital assets or digital asset derivatives and setting a period forbidding being a director or executive
According to the Civil Punishment Measures Committee (OCC) resolved to apply civil sanctions to 2 offenders, namely (1) LLC Fair Expo Company (2) Mr. Mikalai. Both offenders pay civil fines. reimburse the SEC’s expenses due to investigations of wrongdoings The total amount of 12,080,646 baht is prohibited from LLC Fair Expo and Mr. Mikalai from trading digital assets or digital asset futures contracts for a period of 6 months and prohibits Mr. Mikalai from being a director or executive of a digital token offeror or business operator. Digital assets for a period of 12 months, according to the SEC* news published on June 30, 2022.
However, since the offender did not agree to comply with the civil sanctions prescribed by the Civil Service Commission, it was considered that The offender did not agree to settle the case at the SEC level, so the SEC has issued a letter requesting the public prosecutor to prosecute the offender in the Civil Court. to request that civil sanctions be imposed Let the offender pay a total of 12,080,646 baht, prohibiting Mr. Mikalai from trading digital assets or digital asset derivatives. and not being a director or executive At the highest rate provided by law by having Mr. Mikalai jointly liable in civil sanctions with LLC Fair Expo such as joint debtors
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