The Securities and Exchange Commission has advised the public against dealing with the following entities due to their unauthorized solicitation of investments without the necessary license from the Commission:
- MEGA ULTRA CASH TRADING
- JCRG GOLD TRADING
- PLATINUM COIN
- CASH TABLE ONLINE SOLUTION
These groups have been enticing the public to either register on their website/mobile application or engage in trading with promised lucrative returns on investments. Such actions resemble a pyramid/Ponzi scheme, where investors earn through recruitment fees instead of the sale of actual products/services, and investors are paid using the contribution of new members, according to the SEC.
The Commission remains unwavering in its efforts to stamp out illegal investment-taking activities through financial literacy campaigns and advisories to the public. You may visit the SEC website at www.sec.gov.ph to know more about the Commission’s enforcement actions and investor education campaign.
Get a copy of the advisories here.
