SEC Suspends Operation of Thailand’s Asia Wealth Securities on Misuse of Customers’ Funds

The Securities and Exchange Commission (SEC) has announced a temporary suspension on the operation of Asia Wealth Securities (AWS) after finding that the securities company pull out its customers’ funding worth 158 million baht to cover the damage caused by the controversial with More Return Public Company Limited (mai: MORE) without customers’ consent or acknowledgement.

The Stock Exchange of Thailand (SET) announced this morning that AWS’ customers will be able to transfer their assets to other brokers. In case of no other accounts, investors are allowed to keep their assets at Thailand Securities Depository without any charges.