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Abstract:PH SEC Advisory on Unauthorized Schemes. Beware of high-return promises! Learn how to spot and avoid fraudulent investment schemes. Stay informed, stay safe with SEC-verified investments.
MANILA, PHILIPPINES - The Securities and Exchange Commission (SEC) has recently issued an advisory regarding several unauthorized firms soliciting investments from the Filipino public without the necessary licenses and permits.
The primary intention of this article is to raise awareness among Filipinos to ensure that they don't fall victim to these unauthorized and potentially fraudulent schemes. The information provided here will guide potential investors in recognizing and avoiding potential scams.
This entity, through various online platforms, is attracting the public to invest in three programs: Simple Plan, Level Up Plan, and Supreme Plan. They also offer a 10% referral bonus. However, the SEC confirms that this firm is not registered to solicit investments.
This online platform, supposedly launched by Liberty Group Limited in the U.S., offers investment opportunities for individuals. Despite their claims, the SEC has found them unauthorized to engage in investment-taking activities in the Philippines.
While trying to mimic the globally recognized financial services firm, MORGAN STANLEY, this entity is not licensed to solicit investments. They are using various online channels to entice the public with claims of high returns.
Headed by JULIE MAY VELASCO VERGARA, this entity is offering investment opportunities online, but it's not registered with the SEC.
Although HOPE FINANCIAL MARKETING OPC is registered with the SEC, it does not possess the authority to engage in regulated activities of the SEC, including offering and/or selling securities to the public.
For all the mentioned entities, the common red flag is the promise of unusually high returns with little or no risk. The SEC has emphasized that these schemes, especially those resembling “Ponzi Schemes,” are fraudulent and unsustainable. These schemes often rely on funds from new investors to pay returns to earlier investors, leading to huge financial losses when new investors become scarce.
Research: Always do your own research before making any investment. If it sounds too good to be true, it probably is.
Verify with SEC: Before investing, check if the company is registered with the SEC. Legitimate entities will be transparent with their licenses and permits.
Avoid pressure tactics: Beware of schemes or individuals that pressure you to invest immediately.
By being informed and vigilant, we can safeguard our hard-earned money and avoid falling victim to these unauthorized and fraudulent investment schemes. Let's work together to promote awareness and make informed financial decisions.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The key to protecting yourself lies in spotting financial scams early and exercising caution. Understanding the warning signs can help you avoid disastrous financial consequences.
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