A criminal complaint has been filed against Sopana Janeborvorn, a former mutual-fund manager.
She used to represent Kasikorn Asset Management Co (K-Asset) and SCB Asset Management Co (SCBAM), as well as the equity funds managed by both companies.
The Securities and Exchange Commission alleges that Sopana committed dishonest acts by using information about the funds' investment plans to trade securities for personal and other people's gains. Such trading activities were engaged in through two securities trading accounts with assistance from Phra Suthep Arpassaro and Vachala Phra Suthep Arpassaro, who were named abettors.
She was K-Asset vice president from November 2009 to November 2010 and SCBAM senior executive vice president from February to March 2011 with duties as head of fund managers responsible for supervising the equity funds managed by both companies respectively.
As Sopana was also an approved fund manager, despite no longer working for any asset-management companies at present, the criminal complaint subsequently resulted in the SEC revoking that status.
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