SEC, Fetco sound alarm on investment scams

The Securities and Exchange Commission (SEC) and the Federation of Thai Capital Market Organizations (Fetco) warn the public to be wary of investment scams and suggest checking the list of authorised persons on the SEC Check First application.

The agencies said many fraudulent impersonators are claiming to be securities companies, asset management companies or financial institutions, insisting they have licences in order to deceive people into investing.

Deceitful tactics include impersonating names, images or logos of the SEC and relevant agencies in the capital market, or claiming to be an employee of a licensed asset management company or financial institution.

For safety, both the SEC and Fetco advise checking the list of people with licensed businesses and securities on the SEC Check First application.

They recommend carefully examining information before…