Thailand's SEC Seek to Remove Rogue Advisors

Post date: 22-Oct-2015 05:53:19

International Adviser report on the Thai SEC's declaration of increased operational requirements for financial intermediaries in a bid to prevent the type of client exploitation that led to lives of ruin for 100's of ex-pat investors. A case in focus is LM Investment Management who paid enormous commissions for intermediaries to ignore very prominent risk markers and continue selling the LM Managed Performance Fund (MPF). The LM empire collapsed in 2013 and the MPF is now widely acknowledged to have been a veiled ponzi scheme.