The Securities and Exchange Commission (SEC), led by Secretary-General Pornanong Busaratragoon, issued an urgent briefing regarding the discovery of falsified information submitted to the 246-2 reporting system by Supaporn Pimphong on six securities.
The SEC emphasizes that maintaining the accuracy of information disseminated in the capital market is a primary mission, as it directly reflects shareholding structures and voting rights, which are critical factors for investor decision-making.
According to the timeline disclosed by the Secretary-General, the incident involved Supaporn Pimphong recording seven acquisition items across six different securities between June 30 and July 2, 2026. These filings were reported retroactively, with some dates reaching back to 2021.
Upon detecting irregularities, the SEC initiated a multi-step response: marking the entries as “Preliminary Information” on July 3, updating the status to “Under Verification” on July 7, and finally removing all the false data from the public system on July 8, 2026, after receiving confirmation of the inaccuracies from the relevant listed companies.
Pornanong detailed three primary facts that proved the reports were fraudulent. First, the reporter’s name did not appear in the shareholder registers following the alleged acquisition dates. Second, some types of securities reported as being acquired did not exist during the periods specified in the reports. Third, the number of holdings reported did not correspond to actual transactions; for example, the reporter claimed to have exercised warrants for an amount that was found to actually match a separate transaction involving a debenture conversion by another individual.
Regarding the security of the 246-2 system, the SEC assures the public that the platform is highly secure and protected against identity theft. The registration process requires deep personal information—including national ID numbers and parents’ names—which is cross-verified with the Department of Provincial Administration’s database. Furthermore, users must pass a One-Time Password (OTP) verification via mobile phone before they can access the system. The SEC underscores that the reporter must personally certify the truthfulness of the information and is fully aware that the data will be made public.
