Thailand's SEC (ก.ล.ต.) disclosed 96 enforcement actions totaling 15.1 million baht in fines over three months (through August 2024). Most violations were late or improper disclosures—administrative, not fraud cases. Notable fined executives include Sarath Rattanawadee (GULF CEO) and Aphinant Kliaw-patinunt (KKPS CEO). Largest penalties clustered in digital asset businesses and fund management firms with systemic compliance failures. Key takeaway: SEC is actively policing administrative/procedural violations; digital asset and fund sectors face heightened scrutiny.