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SEC warns investors to stay away from unauthorized securities sales



Tuesday 7 August 2018 | No. 83 / 2018


Bangkok, Tuesday 7 August 2018 - SEC has warned investors about entering into investment contracts with Ronghui International Service Co Ltd. (“RongHui”) , as the company lacks SEC approval for debt securities offering. Without the official permission from SEC, offering of new securities to the public is unlawful.

SEC has received information that Ronghui has invited retail investors to join certain investment by informing that their money will reinvest in  real estate projects or investment projects of other companies, which offer high returns along with having minimum investment amounts and an investment period no more than one year. Promotions such as financial rewards or bonuses are also being publicized through telephone, leaflets, brochures, event booths at office buildings and Facebook advertisements.

Such acts may be unlawful and constitute an offence of luring and offering unauthorized securities products to the public without official permission from SEC. Investors are warned not to believe the advertised projects when approached to enter into investment contracts with Ronghui in the manners described above.  

Investors can find information about issuers that are approved from SEC for securities offering at SEC website www.sec.or.th. To report any suspicious investment schemes, please dial SEC Help Center on 1207. Meanwhile, SEC has ordered Ronghui to stop luring investors to the advertised projects.

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