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Friday, May 10, 2024

Investors in Thailand warned to be wary of investment scams

According to SEC and Fetco, criminal groups have been found to impersonate asset management companies, financial institutions, or securities companies in order to lure people to invest in their scams while some individuals seek to increase their credibility by illegally using names, images, and business logos that belong to the SEC.

Public and private agencies have warned people to be wary of investment scams while urging investors to conduct extensive research before making an investment decision.

According to the Securities and Exchange Commission (SEC) and the Federation of Thai Capital Market Organizations (Fetco), criminal groups have been found to impersonate asset management companies, financial institutions, or securities companies in order to lure people to invest in their scams. Some individuals seek to increase their credibility by illegally using names, images, and…

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