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Bangkok Post

Business

Arkhom calls for study of loopholes related to forex

SEC Arkhom Termpittayapaisith Bank of Thailand Securities and Exchange Commission Finance Ministry

Mr Arkhom said neither the SEC nor the central bank have ignored the Forex-3D case, but rather they have examined the legal aspects and alerted the public on the matter. (Photo: Pattarapong Chatpattarasill)

Finance Minister Arkhom Termpittayapaisith has asked the Securities and Exchange Commission (SEC) and the Bank of Thailand to examine any legal loopholes to prevent recurring cases of foreign exchange Ponzi schemes.

He said the case of the Forex-3D foreign exchange group, which allegedly cheated thousands of victims out of 2 billion baht, illuminates the legal loopholes that have to be reviewed.

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