The firm’s managing director and another company he runs
The Securities and Exchange Commission of Thailand filed a criminal complaint against three offenders for operating securities business without a licence on 28 January.
The complaint was lodged with the Economic Crime Suppression Division of the Royal Thai Police and involves Devere & Partners (Thailand); Broadgate Mutual Fund Brokerage Securities (Thailand); and Frederick Ian McIntyre, managing director of both companies.
A spokesperson from DeVere Group told
International Adviser: “The case refers to an administrative issue that caused some parts of the local licence to become unmaintained by former representatives of the company. All ex-representatives in question had left the company by February 2020.