‘Always Check to Prevent Investment Scam’

Editorial Staff

CMDF and its partners have launched a new campaign with the tagline ‘Always Check to Prevent Investment Scam’ to promote awareness and prevent investment scams

The Thailand Capital Market Development Fund (CMDF), in collaboration with capital market sector partners, industry groups, and government agencies, has launched the campaign with the tagline "Always Check to Prevent Investment Scams."

The campaign, one of several significant initiatives launched as part of the "collaboration in the fight against investment fraud" project, aims to promote public awareness and avoid investment scams. The campaign uses a variety of communication platforms to emphasize the significance of client vigilance against this illegal behavior, by not being duped into investing with scammers and staying on top of all their gimmicks by double-checking facts beforehand.

Dr. Prasarn Trairatvorakul, chairman of Thailand Capital Market Development Fund (CMDF) and chairman of the Stock Exchange of Thailand (SET), said “Investment scams on social media are becoming increasingly complicated and sophisticated.

According to data from the Technology Crime Suppression Division, investment frauds, notably through online investing, are among the top five online crimes with losses totaling more than 11.5 billion baht. With the CMDF's aim to promote and expand the efficiency of the Thai capital market, we collaborated with other stakeholders on the SET's "Collaboration in the Fight Against Investment Fraud" project. This project aims to increase public awareness in order to prevent investment scams. With this, we begin the multi-channel awareness campaign "Always Check to Prevent Investment Scams" to ensure adequate awareness, proper dealing with legitimate information and organizations, and proper participation in the capital market."

Dr. Pakorn Peetathawatchai, president of the Stock Exchange of Thailand, as an initiator of the project said that investment fraud can take numerous forms, including referencing an organization's identity, using fictitious identities, and impersonating many company officials, including many famous industry experts, in order to gain trust and trick individuals into investing.