Bangkok, 17 October 2023 – SEC warns the private sector to beware of the activities which may be deemed the undertaking of the SEC-supervised securities, derivatives, and digital asset businesses without licenses, subject to commission of offenses under the governing laws. The relevant undertakings include soliciting or providing channels for people in Thailand to make investment with the foreign business operators which may be considered an act of co-principals or accomplices of the offenses.

The Securities and Exchange Commission (SEC) has issued a warning about the provision of services that may be considered the undertaking of securities, derivatives, and digital asset businesses without licenses, including the services beyond the scope of granted licenses*, and may be subject to commission of offenses with imprisonment and criminal fine. In this regard, soliciting people in Thailand to make investment with foreign business operators in those SEC license-required businesses as well as collaborating to do business, act as an agent, assist, or be a channel for foreign business operators in such solicitations may also be deemed an act of co-principals or accomplices of the offenses, as the case may be.

The SEC has advised the public and investors to take precaution before using the services provided by the unlicensed securities, derivatives, and digital asset business operators, as they may not be protected by the governing laws and may fall victim to frauds and scams. The list of SEC licensed and approved business operators and personnel can be checked at www.sec.or.th or the application “SEC Check First”.

Any signs and clues of suspicious activity can be notified through the “SEC Help Center”, Tel. 1207, or Facebook page “SEC Office” or SEC Live Chat on the SEC web site.

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Remark:
* Business operators with granted licenses mean the business operators under the supervision of the SEC pursuant to the Securities and Exchange Act and the Derivatives Act, i.e., securities and derivatives business operators in the categories of, e.g., securities brokerage, investment advisory service, securities underwriting, mutual fund management, private fund management, including those business operators under the Emergency Decree on Digital Asset Businesses, e.g., digital asset exchange, digital asset broker, digital asset dealer, digital asset fund manager, and digital asset advisory service etc.