SET joins forces with partners to protect public from scams

Meanwhile, Thawatchai Pittayasophon, acting secretary-general of the Securities and Exchange Commission (SEC), said online investment scams posed a serious threat to the economy and had caused huge damage to the people.

Thawatchai welcomed the launching of the SET project and said the SEC itself had been carrying out several measures to try to protect the people from the scammers.

Kobsak Pootrakool, president of the Federation of Thai Capital Market Organisations, said that online investment scams were getting serious and the issues could not be dealt with by a single organisation.

He said it required cooperation among all organisations involved with the stock markets to fight the scammers. He praised the SET’s initiative as a good start for such cooperation.

Payong Srivanich, president of the Thai Bankers Association, said online investment scams have caused severe damage to…