SEC Flags Crypto Cloud Mining Investment Scheme BitPrime
The SEC flags an investment scheme offering up to 45% of returns for a crypto cloud mining company locally.
The SEC flags an investment scheme offering up to 45% of returns for a crypto cloud mining company locally.
Are influencers legally liable if they made a bad investment advice? Will they escape just because they said it is “not-financial advice”?
The SEC is advising the public to be careful when giving their money to any entities, advises them to check their SEC registrations first.
Following the release of the Implementing Rules and Regulations for RA 11765, will the SEC have more jurisdiction over cryptocurrencies?
The draft aims to impose on scammers a fine of ₱50k to ₱10m for each investment fraud and at least ₱10k per day of continuing violation.
SEC has issued a warning to the public regarding FDMS Business which is allegedly soliciting investments without the necessary license.
Oriental Peak Mining promises a guaranteed 5% daily profit, or a total profit of 300% for 60 days, 225% for 45 days, or 100% for 15 days.
The investment scheme offered by these entities is considered a form of “investment contract” as defined by the Securities Regulation Code.
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.