The Anti-Money Laundering Office (Amlo) plans to investigate two brokers in the More Return Plc (MORE) share transactions case for failing to comply with Amlo's instructions for reporting risky transactions.
More Return Plc (MORE) shares plunged to a new price floor shortly after the Stock Exchange of Thailand (SET) resumed trade of the stock on Monday, with the bourse warning the price could continue to slide.
The Stock Exchange of Thailand (SET) on Monday allowed resumed trading of More Return Plc (MORE) stock after the Anti-Money Laundering Office (ALMO) froze 34 accounts related to unusual transactions in the shares on Nov 10-11.
The Securities and Exchange Commission (SEC) has suspended Asia Wealth Securities Co (AWS) from doing business as of yesterday for alleged use of clients' money to pay for share settlements without their consent.
Several brokers on Wednesday filed complaints with the Economic Crime Suppression Division related to the investor who bought More Return Plc (MORE) shares late last week, but defaulted on the payment, causing damage estimated at more than 4 billion baht.