The Securities and Exchange Commission (SEC) is failing to adequately monitor firms offering new investment schemes, says Minister for Digital Economy and Society, Chaiwut Thanakamanusorn.
The lack of oversight has led to billions of baht in losses, he said.
"In my opinion, the SEC didn't do its job properly, allowing [fraudulent] firms to be founded, which in turn caused losses of over 10 billion baht," Mr Chaiwut told reporters on Sunday.
