SEC Advisory : Emgoldex Philippines Not Authorized To Solicit Investments From The PublicBy Marhgil Macuha on Feb 14, 2015 in Asia, Business, Finance, World •
The Philippines‘ Securities and Exchange Commission (SEC) has issued an advisory on Friday, February 13, 2015, warning the public about Emgoldex Philippines‘ “Pinoy Style Patak Patak.”
According to the advisory, Facebook netizens are being invited to invest their money for a promise of huge profit / high returns where an investment of P1,000 will earn profits ranging from P5,000 to P10,000 or a placement of P35,000 will yield P180,000 to P360,000.
According to the SEC advisory, Emgoldex Philippines is not a registered corporation or partnership and is not authorized to solicit investments from the public as it did not secure prior registration and/or license or permit to solicit investments from the Commission as required under Section 8.1 of the Securities Regulation Code.
The public is being advised to exercise self-restraint from investing their money into such high yield – high risk investment scheme and to take the necessary precautions in dealing with the above-named entity.
Below is the full copy of the advisory as posted on their official website. (PDF file)
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