Those who expect the government and financial regulatory bodies to have quick and strong safeguards to protect wide-eyed investors from Ponzi schemes and hustlers: prepare for a letdown. The latest tit-for-tat this week among the ministries responsible suggests that people will have to wait for a solution, or simply just safeguard themselves.
The tit-for-tat started on Sunday when the Minister for Digital Economy and Society, Chaiwut Thanakamanusorn, told the media that the Securities and Exchange Commission (SEC) is failing to adequately monitor firms offering new investment schemes and that this lack of oversight has led to billions of baht in losses, he said.
