SEC tells buyers beware

SEC tells buyers beware

The Securities and Exchange Commission (SEC) has warned investors to avoid investing in securities products via two websites and social media accounts as they are not authorised securities and futures dealers.

The two websites are identified as and, while the Facebook accounts are named Pimnara Poonsawat and Befaii Suwinya.

After receiving information from both local and expat investors, the SEC has examined and found messages on and Invest Global Facebook account that persuade expat investors to use a platform for investing in securities such as stocks, mutual funds and equity-linked notes.

An annual investment advisory fee is applied for investors, said the SEC.

The site was found to be a foreign entity with no contact address in Thailand. The website encourages investors to trade foreign futures contracts by referencing various investment assets, such as gold, oil and stock indices, speculating on price differences without actual asset delivery.

Translation to Thai and other languages are available on the website, said the SEC.

Meanwhile, the two Facebook accounts persuaded the public to give money to Pimnara Poonsawat for equity trading and share investment profits.

"The two websites and two Facebook accounts are not authorised securities and futures operators. Investors should be cautious when using them as they are not supervised by the SEC," said the regulator.

Do you like the content of this article?

Royal academy asks DSI to investigate vaccine scam

People claiming to be officials of the Chulabhorn Royal Academy have used Facebook and LINE accounts displaying a fake CRA logo to lure people into ordering Sinopharm Covid-19 vaccine, defrauding them of millions of baht, a senior official of the academy said on Monday.


Cambodia bat researchers on mission to track origin of Covid-19

STUNG TRENG, Cambodia: Researchers are collecting samples from bats in northern Cambodia in a bid to understand the coronavirus pandemic, returning to a region where a very similar virus was found in the animals a decade ago.


Vietnam capital Hanoi to ease coronavirus curbs this week

HANOI: Vietnam's capital Hanoi will further ease its coronavirus restrictions from this week, the government said, with new cases on the decline and the majority of its adult population partially vaccinated.