Derivatives Act B.E.2546 (2003). In addition, WSD Financial (NZ) Ltd. claimed to be legitimate licensee of derivatives business in Thailand , in fact it had been registered with the SEC as derivatives dealer
Financial (NZ) Ltd. had been registered with the SEC as derivatives dealer but with permission to provide services only to institutional investors. Its public solicitation was therefore considered unlicensed
total damage of approximately 110 million baht, as follows : (1) Invest in purchasing shares of JRA (Fiji) Consultants, a nonexistent company. (2) Invest in registered shares and future newly issued
damage of approximately 110 million baht, as follows : (1) Invest in purchasing shares of JRA (Fiji) Consultants, a nonexistent company. (2) Invest in registered shares and future newly issued shares
transactions, estimated total damage of approximately 110 million baht, as follows : (1) Invest in purchasing shares of JRA (Fiji) Consultants, a nonexistent company. (2) Invest in registered shares and