Commission Welcomes Thai SEC Action

Friday, 27 July 2001, 11:30 am
Press Release: Securities Commission

Commission Welcomes Thai SEC Action On Illegal Broking

The Securities Commission is pleased that the Thailand Securities and Exchange Commission is tackling the problem of illegal brokers operating from that country.

Many New Zealanders have lost money to brokers cold calling from Thailand and other countries. We maintain a list of brokers on our website who have been cold calling New Zealanders. A number of these brokers are the subject of the latest action by the Thai authorities.

We again warn people against sending money out of the country to brokers known only to them by unsolicited telephone calls. The reasons for this are strongly reinforced by a statement from the Thailand Securities and Exchange Commission dated 26 July. A copy of this is being faxed to the news media.

Ends

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