persons hold its shares on EARTH’s behalf. In this regard, the legal advisor viewed that the agreement of proxy shareholding should have been voided because such action was not allowed by Indonesian Law
to alleviate the risk of frauds.Moreover, it is advisable to be cautious when being solicited to invest in ICOs or to buy any digital token for the time being since there are neither approved ICO
The warning came after the SEC had received information from the concerned public and stakeholders who noticed that unlicensed business operators in the securities and digital asset sectors, including foreign digital asset business operators, were soliciting the public to make investments with, or use services of, such unlicensed entities at a financial technology exhibition held at a shopping center on September 27, 2023.The SEC conducted an onsite inspection and gathered evidence in this regar...
Bangkok, December 19, 2006 ? In reference to the trading plunge on the Stock Exchange today, the SEC is urging foreign investors to pay close attention to all facts before making careful and well-informed decisions to take any action on their portfolios. The drastic fall is believed to have resulted from foreign investors? worries over the measures on foreign short-term capital inflows launched by the Bank of Thailand earlier in the day. Thirachai Phuvanatnaranubala, SEC Secretary-General...
Bangkok, August 10, 2009 ? The SEC urges investors to use discretion in using unverified news information, especially the one claimed to be from news sources, since it is likely to be untrue. With regard to recent dissemination of unsubstantiated information about listed companies, in such matters as business takeover, prospective purchase or sale of shares by major shareholders and investigation to be conducted on the company regulatory bodies, such news may actually be given by those who clai...
SEC Secretary-General Ruenvadee Suwanmongkol said: “Digital asset businesses are regulated under the Emergency Decree on Digital Asset Businesses. Only providers who have obtained relevant licenses under the law are allowed to provide services related to digital asset trading, exchange, depository, transfer, withdrawal or any transactions related to digital assets in Thailand. Violators or those failing to comply with the law may be imposed with legal action.” On 2 July 2021, the SEC fil...
. In this regard, the SEC has urged all investors to be more cautious in their securities trading and consider fundamental information sufficiently before making an investment decision. This will help to