BANGKOK (NNT) – The Securities and Exchange Commission (SEC) has issued a warning to investors regarding the risks posed by unlicensed operators in the securities, derivatives, and digital asset markets. This caution includes foreign operators who may be promoting fraudulent offers or scams. The SEC noted that these unlicensed entities often participate in exhibitions and promotional events, operating outside its regulatory oversight, increasing investor fraud likelihood.
SEC Deputy Secretary-General Anek Yooyuen stated that the commission is currently monitoring events where investment advice is solicited. If any activities are found to involve unlicensed operators or unauthorized investment products, they may face legal action from the agency, which could result in imprisonment and fines.
In a recent enforcement effort, the SEC has closed over 1,800 fraudulent online accounts. The regulator is urging event organizers to ensure that only licensed business operators are allowed to set up exhibition booths to avoid facilitating illegal activities.
The SEC continues to collaborate with relevant authorities to address violations of securities laws and protect investors from potential scams. Investors are encouraged to verify the legitimacy of business operators through the SEC’s website or the SEC Check First application before engaging in any investment services.
Source: NNT
SEC Cautions Investors About Unlicensed Operators
