Thai SEC Investor Alert deVere Aug 03
The Thai SEC has published an Investor Alert about deVere in Thailand. deVere Group" and "deVere & Partners (Thailand) Limited" and the website "www.devere-group.com" are all specifically listed by the Thai SEC, with this text:
"Investor Alert - In response to a number of tips and complaints about fraudulent solicitation of unauthorized securities and derivative business by which many of investors has been victimized, the SEC wishes to notify that legitimate businesses are required to receive license to undertake securities business or registered as securities business under the Securities and Exchange Act of 1992 and derivatives business under the Derivatives Act of 2003. List of licensed business can be found at (taken out)
Devere Group offices are franchised out. Bangkok is overseen by Ian MacKintyre who also looks after Vietnam, Philippines.
To provide investors with information useful for making prudent decision before using investment services, the SEC has prepared a list of unlicensed or unregistered business from the traces and complaints received from investors and will keep the list update. In some cases, the name of unlicensed business may bear resemblance or possess similarity to one another; however, they may be or may be not related.
If you have enquiries about investment in securities and derivatives products or related services, please feel free to contact the SEC at 0 2263 6000 or email@example.com. In case of investment that likely to be a fraud or embezzlement with characteristics similar to Ponzi scheme and loan shark, investors may contact or report to Financial Crime Call Center 1359, Ministry of Finance
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