PH SEC Issues Warning Against Five Investment Scams

The Philippines' Securities and Exchange Commission (SEC) has issued a public advisory warning residents about possible investment frauds operating inside the nation. The commission has identified multiple businesses and people who are soliciting investments without authorization, presenting major dangers to naïve investors. Below is a thorough breakdown of the flagged entities:

Tech Society Unauthorized Investment Solicitation

Even though it lacks SEC permission, Tech Society is aggressively recruiting public investments. According to reports, the firm, managed by claimed CEO and President Kenneth Decano, is using social media channels to attract investors with promises of big profits. Tech Society's operations, which pretend to include cryptocurrency trading, multi-service company management, e-commerce, and online casino revenues, represent an obvious solicitation of public money in the absence of required regulatory clearance.

TECH SOCIETY offers four (4) ways to earn:

1. Starter Program for 20% interest of the minimum investment for Five (5) days.

2. Flex Program for 50% interest of the minimum investment for Fifteen Days (15) days.

3. Premium Flex Program for 80% interest of the minimum investment for Twenty-Two (22) days.

4. Premium Plus Program for 100% interest of the minimum investment for (Twenty-Eight) 28 days. The would-be investors may send their investments through the Gcash and Paymaya accounts provided by the subject entity on its website

Digivault Trading's Investment Scheme

Digivault Trading, represented by Zyrille Abad, is another business singled out by the SEC for participating in unlawful investment solicitations. Digivault Trading offers six package options via online platforms, luring investors with profits ranging from 15% to 357%. Despite these attractive claims, the SEC cautions that Digivault Trading lacks the necessary operating permission, raising worries about the investment scheme's authenticity and longevity.

As posted online, you can invest by registering first then you can choose from any of the following six (6) Digivault Package Plans;

1. PEARL package worth Php50.00;

2. AMETHYS package worth Php500.00;

3. SAPPHIRE package worth Php5,000.00;

4. EMERALD package worth Php50,000.00;

5. RUBY package worth Php100,000.00; and

6. DIAMOND package worth 500,000.00 The investor can earn 15%, 26%, 55%, 85%, 180% up to 357% after 5 days, 10 days, 15 days, 30 days, 55 days and 75 days. An investor can also earn a 5% up to 25% direct referral bonus depending on the plan.

Ploutos Trading Advisory

Ploutos Trading, along with other firms such as Reveal Marketing, has come under fire from the SEC for improper investment solicitation. Ploutos Trading, claiming to be an “investment management company,” promotes a “shareholder's program” that promises high profits in a short amount of time. However, the SEC cautions that Ploutos Trading and its affiliates are not registered with the commission, implying possible fraudulent actions and exposing investors to significant risks.

Altstrade's High-Reward Promises

Altstrade, led by Chief Executive Officer Junel Zamora, promotes investment possibilities with claims of 30% to 500% annual returns. Despite these appealing promises, the SEC cautions that Altstrade lacks the essential registration and permission to solicit public funds. Investors are advised not to participate in Altstrade's plan since it may include unlawful and fraudulent activities.

Time To Trade's Solicitation Warning

Time To Trade, helmed by CEO Karissa Alviar, is another firm reported by the SEC for improper investment solicitations. Time To Trade's operations, which provide investment possibilities with returns of up to 125%, raise worries about possible Ponzi schemes and investment fraud. Because of the absence of regulatory clearance and the related dangers, the SEC encourages the public to proceed with care and avoid investing in Time To Trade's services.

Finally, the SEC underlines that these businesses did not meet the Securities Regulation Code (SRC) and the Financial Products and Services Consumer Protection Act (FCPA) registration and licensing standards. People should avoid investing in illegal schemes to safeguard their finances. Disregarding these warnings might cost you financially and legally.