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Sunday, May 5, 2024

SEC considers compensation fund for victims of investment fraud

Picture courtesy of Bangkok Post

The newly appointed secretary-general of the Securities and Exchange Commission (SEC) disclosed that the regulatory body is examining the possibility of setting up a compensation fund for victims of investment fraud. This announcement was made during her inaugural press briefing since assuming office the previous month.

Pornanong Budsaratragoon emphasised the regulator’s commitment to restoring public trust in the capital market.

“We’ve pursued public interest matters and informed stakeholders about SEC’s actions regarding the investigations into More Return and Stark Corporation, including progress on legal proceedings for both cases.”

While the “More Return” case is currently under the jurisdiction of the Department of Special Investigation (DSI), the SEC and the Stock Exchange of Thailand (SET) are collaborating on additional…

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