Beware of lnvestment Scams, SEC Advises Public
Butuan City – the public is hereby warned of the continued proliferation of companies engaged in various unauthorized pre-selling/offering of securities or solicitation of investments from unsuspecting victims, also commonly known as investment scams. In the latest Advisories issued by the Enforcement and lnvestor Protection Depa(ment of the Securities and Exchange Commission (SEC) as posted in its website, certain companies / individuals are allegedly conducting unauthorized selling of securities or soliciting investments, as follows:
- Keen and Accurate Holistic Trading Corporation – allegedly operating in Butuan City
- SECRET2SUCCESS (S2S)
- ALIFELONG MARKETING AND SERVICES, INC.
- Several individuals and/or groups of persons offering or “pre-selling” shares of stocks in hospitals currently under construction
- Certain companies, individuals or groups of persons enticing the public to participate in so-called “initial coin offerings” and to purchase the
corresponding “virtual currency”.
According to the SEC Advisory, these companies, despite having been registered with the Commission as a corporation, are not authorized to solicit investments from the public as they have not secured the necessary license or permit from the Commission as required under Section 8 and 12 of the Securities Regulation Code (SRC).