percent of the total industry AUM. In all cases, asset management companies must exercise caution when considering appropriate investments. Mrs. Waratchya Srimachand, SEC Deputy Secretary-General, said

the SEC have been shut down. The SEC strongly advises the public to exercise caution when being solicited to make investment in possibly fraudulent schemes, the red flags of which are, for example

companies must consider. It is in accordance with the duties of directors and executives of the company who have to perform their fiduciary duty with caution together with the company’s risk management

increasing the speed and caution for the enforcement process as well as promoting cooperation for human resources development, sharing of knowledge and technological know-how to ensure justice in the

also empowers them to verify and make investment decisions with greater caution and safety in the modern financial landscape.” The SEC has continuously taken a proactive approach under its strategic

10,000,000 Debentures No. 9/2018, Class 1 PP-10 21 Dec 18 20 Dec 19 10,000,000 Debentures No. 9/2018, Class 2 PP-10 27 Dec 18 26 Dec 19 30,000,000 Guaranteed Debentures No.1 / 2018 II&HNW 6 Jul 18 6 Jul 20

additional rules regarding ICO advertisements. Essentially, such advertisements must refrain from enticing or pressuring investors into uncareful investment decisions. Moreover, they must not imply guaranteed

were persuaded to make an investment at the minimum amount of 100,000 baht to earn 5 percent return in six months.Both companies promised to repay the principal and generate the guaranteed returns

information for investment decision making such as condition of non- guaranteed by the Ministry of Finance, source of fund for debt repayment and business nature for risk assessment. Like private issuers

investment; (2) bonds or debt instruments issued or guaranteed by foreign governments, foreign government agencies, or international organizations; (3) bonds or debt instruments issued or guaranteed by state