Joint Statement by the Securities and Exchange Regulator of Cambodia and the Telecommunications Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia (SERC) and the Telecommunications Regulator of Cambodia (TRC) have recently identified unauthorized promotions of securities-related products and services through various telecommunication channels, including websites, social media, and other communication platforms. These promotions, which lack the proper licenses or approvals from SERC, are intended to attract the public into investing or engaging in illegal trading activities, leading to financial losses and the loss of assets. Some of these websites and social media platforms are hosted overseas, making them difficult for SERC to regulate. Additionally, some fraudulent platforms have been created, impersonating the names and images of licensed companies or institutions’ leaders to deceive the public into investing or transacting unlawfully, despite the legal measures already taken by competent authorities.
These deceptive activities have caused public confusion, particularly with companies that are properly licensed, damaged the reputations of institutions’ leaders, disrupted the investment environment in Cambodia, and undermined investor confidence in the financial sector, especially within Cambodia’s securities sector.
In response, SERC and TRC will collaborate closely to block websites, social media content, and other telecommunication channels that conduct securities-related activities without the licenses or approval from SERC. This collaboration aims to prevent and stop such activities through established legal mechanisms. The public can also access an up-to-date list of licensed and authorized companies, including their official websites, via SERC’s website at www.serc.gov.kh or by scanning the QR Code below.
SERC and TRC strongly urge the public to exercise extreme caution when engaging in securities-related transactions with websites, social media platforms, or other telecommunication channels that promote securities products and services without proper licenses or approval from SERC.
