SEC Advisory Archives | Page 2 of 6

SEC Issues Public Advisory Against Trading Cartel

SEC says TRADING CARTEL is not registered with the Commission as a corporation or partnership, and is not authorized to solicit investments.

Since 2022, the SEC has added social media influencers to the list of individuals that may be criminally liable for being involved in schemes.

The entity demands an investment ranging from ₱400.00 to ₱7,700.00 and takes about 25 to 150 days to double the invested money.

SEC confirmed that Ryan Cagod Ladoing and Renan Lara Ladoing, the incorporators of Silverlion, have not been captured yet by the authority.

The SEC states that the mobile application is not registered as a corporation or partnership and operates without the necessary licenses.

The Commission said Ground Poultry has elements of a ponzi scheme and that it is connected to two other firms it already tagged as fraudulent.

The scheme of EWTP, which contains 2 investment packages, a 15% commission and profit rate depending on membership, is a Ponzi, as per SEC.

Though the fraudulent entity uses USDT for the public to invest in, it is not affiliated with the firm behind USDT.

Royal Bull Master offers four passive income investments without a license from the SEC, which also shows a possible Ponzi scheme.

The SEC warned the public against the mobile app SPBOSS/SPOWER/SUN POWER as it entices the public through social media to invest in them.