The SEC logo at the headquarters on Vibhavadi Rangsit Road. (Photo by Patipat Janthong)
The Securities and Exchange Commission (SEC) is conducting a public hearing to redefine and reclassify types of investors as it considers including investment knowledge, financial literacy and financial prowess as qualifications to better protect inexperienced investors from risk.
According to the SEC’s proposition, investors will be reclassified into four groups: professional investors (PI) with proven experience in investments or credentials as experts or analysts; qualified investors (QI) with a net worth of over 60 million baht; affluent investors (AI) with a net worth above 30 million; and retail investors.
In addition to their financial assets, QI and AI must meet qualifications regarding knowledge about…
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