The Department of Trade and Industry (DTI) has warned the consumers from transacting with Paysbook, a company that solicits investments from the public but without the necessary license to do so. In its official Facebook page, the DTI Consumer Care noted that the subject company was flagged by the SEC because it has no secondary […]
Scam Warnings
SEC revokes KAPA’s Corporate Registration
The Securities and Exchange Commission (SEC) of the Philippines revokes KAPA Community Ministry International’s Certificate of Corporate Registration. In a decision, signed by the four members of the Commission on April 3, 2019, the corporate regulator found that KAPA acted beyond its corporate powers. The agency noted that its Articles of Incorporation, states that the […]
KAPA Community Ministry International Review: A Church or a Scam?
Scam ba KAPA Community Ministry International? Magbasa at alamin ang totoo. Biruin mo ang 10,000 donation tutubo ng 3,000 kada buwan? Ang tindi no? Iyan kasi ang makukuha mo kapag sumali at nagdonate sa KAPA Community Ministry International (a.ka. KAPA). Sino ba naman ang hindi mahuhumaling sa ganyang pangako? Marami ang nagbenta ng ari-arian at […]
SEC Warning Against Investing in Unity Wealth
On March 7, 2019, the Securities and Exchange Commission (SEC) of the Philippines advises the public not to invest in Unity Wealth Marketing. Below is the full text of the said warning. SEC ADVISORY The Commission has received numerous reports regarding the activities of an entity named Unity Wealth Marketing, which is also using the […]
SEC Releases Updated Advisory on North East Luzon Foundation, Inc.
Manila, Philippines- The Securities and Exchange Commission (SEC) issued an updated advisory against North East Luzon Foundation, Inc. (NELFI). The corporate regulator received reports that certain individuals and/or groups of persons have been soliciting funds for the meetings of NELFI. The full text of the warning is quoted below; “On June 4, 2013, the Securities […]
SEC reiterates its warning against investing in Paysbook
Manila, Philippines- The Securities and Exchange Commission (SEC) of the Philippines has reiterated its advisory against Paysbook E-commerce System Co. Ltd (now Paysbook E-commerce System Corporation).
SEC issues advisory against Angel Investor Group, Inc.
Manila, Philippines- The Securities and Exchange Commission (SEC) has issued an advisory against Angel Investor Group, Inc. The Commission has found out that individuals or group of individuals representing the company are enticing the public to invest in the said entity online or via the internet. Based on the investigation by the regulatory agency, it […]