Thailand's Securities and Exchange Commission has issued a public warning and opened investigations into cases where fraudsters impersonate securities companies or securities brokers to solicit investments through mobile applications, and has coordinated with Google to block and remove the identified scam apps from its platform. The SEC reported that scammers are using social media, online advertising and direct messages to build trust by impersonating well-known individuals or credible entities, then inducing victims to transfer funds, download apps or use websites. In the latest case, the SEC published the relevant application names on its Investor Alert system and warned the public via its official social media channels, while Google has already blocked and removed the apps to reduce access channels; the SEC noted that coordinated blocking actions can be completed within 7 minutes to 48 hours. The SEC urged investors to verify whether solicitations come from licensed operators under SEC supervision, to treat unusually high promised returns and pressure to transfer money quickly as warning signs, and to use its Investor Alert and SEC Check First tools or seek consultation via its Investment Scam Hotline.
Thailand Securities & Exchange Commission 2026-02-27
Thailand's Securities and Exchange Commission warns on broker-impersonation investment scam apps and coordinates with Google to remove them
Thailand's SEC has warned the public and launched investigations into fraudsters impersonating securities companies via mobile apps. The SEC is working with Google to block these scam apps and has listed them on its Investor Alert system. Investors should verify solicitations, be cautious of high returns, and use the SEC's Investor Alert and SEC Check First tools.