The Securities and Exchange Commission (SEC) is considering reviewing its shareholder disclosure framework to strengthen investor confidence and avoid a repeat of the recent incorrect self-declared reporting that involved True Corporation.
Anek Yooyuen, deputy secretary-general and spokesman for the SEC, said the regulator is in the final stages of gathering and assessing evidence following a joint fact-finding process with the Economic Crime Suppression Division (ECD) of the Royal Thai Police regarding an individual who appeared in SEC filings as the reported owner of a 7% stake in True.
