SEC accuses three former STARK executives of insider trading

[snoop1130]

 

The Securities and Exchange Commission (SEC) lodged a complaint with the Department of Special Investigation today, accusing three former executives of STARK Corporation Public Company of insider trading.

 

According to the SEC, STARK’s auditor had observed that the company’s financial statements might have been “doctored”, leaving the company unable to submit its 2022 financial statements to the Stock Exchange of Thailand (SET) within the deadline.

 

STARK is a wire and cable manufacturer.

 

Full story: Thai PBS 2023-12-27

 

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[timendres]

iceberg -> tip

[hotchilli]

14 hours ago, snoop1130 said:

According to the SEC, STARK’s auditor had observed that the company’s financial statements might have been “doctored”, leaving the company unable to submit its 2022 financial statements to the Stock Exchange of Thailand (SET) within the deadline.

More corruption.

[nahkit]

Well if it goes anything like the CP insider trading case, they'll be told they've been very naughty boys and can they please give the money back.