The Thailand Securities and Exchange Commission issued an investor alert warning of investment solicitations by fraudsters impersonating companies listed on, or preparing to list on, the Stock Exchange of Thailand, often using well-known company names to make scams appear legitimate. The SEC cited reported losses from investment frauds and scams of THB 26,899 million, the highest among the country’s online scam types. It urged investors to check three key red flags: open trading accounts only with SEC-licensed securities companies (verifiable via SEC Check First); ensure any recipient bank account belongs to an SEC-licensed securities company and not an unlicensed individual or entity; and independently verify any solicitation purportedly from a listed company or SEC-licensed operator directly with that firm before investing.
Thailand Securities & Exchange Commission 2025-02-05
Thailand Securities and Exchange Commission warns investors about scammers impersonating Stock Exchange of Thailand listed companies and highlights three red flags
The Thailand Securities and Exchange Commission issued an alert warning of fraudsters impersonating companies listed on the Stock Exchange of Thailand to solicit investments. Reported losses from these scams total THB 26,899 million. Investors are urged to verify trading accounts, recipient bank accounts, and solicitations with SEC-licensed entities.