# SEC levies civil penalties on an individual for insider trading involving AQUA shares

- Link: https://www.thailand-business-news.com/law/270969-sec-levies-civil-penalties-on-an-individual-for-insider-trading-involving-aqua-shares
- Published: 2025-12-23T21:25:20+07:00
- Author: SiamNews PR

**The SEC imposed 19,339,187 baht in civil penalties on Pakorn Mongkoltada for insider
trading involving Aqua Corporation. He is barred from executive roles for 14 months.
Further actions depend on his consent.**

---

Bangkok, 12 December 2025 – The Securities and Exchange Commission (SEC) has announced
the enforcement of civil penalties against Mr. Pakorn Mongkoltada for insider trading
involving shares of Aqua Corporation Public Company Limited (AQUA). Mr. Mongkoltada,
who was in possession of confidential information, has been ordered to pay civil
fines amounting to 19,339,187 baht. Additionally, he is prohibited from holding 
any position as a director or executive in securities-issuing companies and securities
firms for a duration of 14 months.

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Following a referral from the Stock Exchange of Thailand (SET) in June 2022 and 
subsequent investigation by the SEC, findings and evidence revealed the following:
Between 2 November 2021 and 25 January 2022, prior to AQUA’s public disclosure of
inside information, Mr. Pakorn Mongkoltada, then a director of AQUA, had access 
to material non-public information. This included (1) the company’s approval to 
sell ordinary shares of its subsidiary to Plan B Media Public Company Limited (PLANB)
and (2) the company’s intention to acquire capital ordinary shares of PLANB. Such
information was likely to cause a significant positive impact on AQUA’s share price,
exceeding general investor expectations. During this period, Mr. Pakorn used this
insider information to purchase AQUA shares before the company disclosed it to the
SET on 26 January 2022 at 07:48 hours.

Mr. Pakorn Mongkoltada’s actions constitute an offense of purchasing securities 
while in possession of or having knowledge of inside information, as outlined in
Section 242(1) in conjunction with Section 243(1). These actions are subject to 
penalties under Section 296 and Section 296/2, as well as civil sanctions under 
Section 317/4 and Section 317/5 of the Securities and Exchange Act B.E. 2535 (1992).

The Civil Sanction Committee (CSC) has decided to impose civil sanctions on the 
offender, requiring him to pay a civil penalty, compensation equivalent to the benefit
received or expected to be received, and reimbursement of investigative expenses
incurred by the SEC, amounting to a total of 19,339,187 baht. Furthermore, he is
prohibited from serving as a director or executive in securities issuing companies
or securities firms for a duration of 14 months.

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The barred period for serving as a director or executive in securities-issuing companies
or securities firms will commence once the offender signs a consent letter agreeing
to comply with the civil sanctions imposed by the CSC. If the offender refuses to
provide consent, the SEC will refer the case in writing to the public prosecutor,
who will file a lawsuit in the Civil Court to impose the maximum applicable civil
sanctions, which shall not be less than the minimum specified by the CSC.

**Source** : [SEC imposes civil sanctions against an offender for insider trading of AQUA shares](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=12341&rand=113627)