Thawatchai PittayasophonAugust 30, 2018
Mr. Pittayasophon is the Director of the Corporate Monitoring Department at the Office of the Securities and Exchange Commission (SEC) in Thailand. He graduated from the University of Michigan with a Master of Laws degree. He is responsible for the supervision of companies listed on the Stock Exchange of Thailand (SET), as well as its core functions on policy formulation and law enforcement. Mr. Pittayasophon has extensive experience and interests in the formulation of regulations related to crowd-funding, which is an alternative fundraising channel that enables businesses to access funds from supporters investing small amounts of money. When crowd-funding is equity-based or debt-based, it is subjected to the Securities and Exchange Act of 1992. In this respect, it was necessary to strike the right balance between how to widen fundraising opportunities for startups and SMEs, while providing an appropriate level of investor protection.
*The SEC Thailand supervises the crowd-funding portals as business operators whereby they must comply with the regulations as well as pursue appropriate business conduct.