I think this is related.
MANILA - The Securities and Exchange Commission warned the public against a "double your money" investment scheme of a company operating in Pagadian City.
In a notice published on its website, the regulator said the company based in Zamboanga del Sur has attracted investors "because of the representation that a P50,000 investment would generate an 'assured' 50 percent, or P50,000 yield in a month."
"The public is reminded to be over-cautious or exercise prudence in investing their money in what appears to be a high yield-high risk investment which may turn out to be a fraudulent scheme," the SEC said.
The SEC advised the public to make sure that securities offered of sale are registered with the Commission.
Section 8 of the Securities Regulation Code prohibits the sale of securities without prior registration with the SEC.
SEC warns public about Pagadian City firm offering 'double your money' scheme - InterAksyon.com
Naglibog ko sa news nganong mo ingon ang SEC nga "The SEC advised the public to make sure that securities offered of sale are registered with the Commission." Ngano dili naman lang sila mo sulti if registered ba or dili?





