Prior to the on-site inspection, the SEC communicated concerns with the venue owner and the event organizer, resulting in suspension of seven exhibitors’ activities. Today, during the inspection, 16 more exhibitors were found to be engaging in securities, derivatives and digital asset businesses without proper license. The SEC therefore notified the event organizer to close the booths and suspend the activities of the 16 exhibitors, which may constitute a legal violation, and gathered more evidence. If any activities liable to be in violation of the laws enforced by the SEC are found, a legal action may be pursued, which may lead to imprisonment and fines. If such activities contravene other laws, the SEC will collaborate with relevant authorities to take further action.  

Mrs. Waratchya Srimachand, SEC Deputy Secretary-General, said: “The SEC urges the event organizer to exercise caution when allowing unlicensed business operators to set up booths at the event, including platform service providers and those interested in partnering with the event, as this may inadvertently facilitate illegal activities. Likewise, the public and investors should study information carefully before making investment decisions when solicited to invest or use investment services of business operators to protect themselves from potential harm in various ways, including falling victim to scams.”  

To verify the list of business operators who are not under the SEC’s supervision and the list of products that are not approved for public offering, please visit Investor Alert Page on the SEC website via this link: https://market.sec.or.th/public/idisc/th/InvestorAlert. The list of business operators under the SEC’s supervision is also available at www.sec.or.th and SEC Check First application. Furthermore, leads on suspicious activities in the capital market can be notified to the SEC Complaint Center via Hotline 1207 or SEC Facebook Page or SEC Live Chat on the SEC website.