ADVISORY FROM THE
SECURITIES AND EXCHANGE COMMISSION (SEC) ON
ILLEGAL INVESTMENT-TAKING ACTIVITIES
The Embassy of the Philippines in Phnom Penh informs all Filipinos in Cambodia of advisories of the Securities and Exchange Commission (SEC) regarding several illegal investment-taking activities from entities registered with the SEC, but not authorized to solicit investment from the public as it has not secured the necessary secondary license/permit from SEC, and entities not registered with SEC as a corporation or partnership nor issued secondary license/permit as brokers and/or dealers of securities, government securities, investment advisers of an investment company, investment house and transfer agent. Many of these entities have turned to social media, including Facebook, Youtube, Twitter, LinkedIn and other online networks for information about investing.
Among the entities identified by the SEC as being involved in such activities are:
- BROILERPRENUER CORPORATION
- ADA FARM AGRI VENTURES (ADA FARM)
- MGA BUSINESS ENTERPRISES
- COOPHUB MULTIMEDIA SERVICES
- JOGLE INNOVATION MARKETING
- GLOBAL DREAM ZION
- GRAPPLER
- SHERPAN
- BCT MARKETING/BCT MOTORCYCLE AND CAR TRADING
- RTM/ RTM PHARMACY AND GENERAL MERCHANDISE
- DIAMOND MARKETING
- FUSION MARKETING
- FMARKET
- CIRFUND
- VIBEARN
- ONEPRO
- BCC/ BCC COSMETICS TRADING
- UNLISHOP COMPENSATION PLAN MARKETING
- VUCC
- BITRAIN
- TCOIN
- CROWD ROYALS
- NERMIE MARKETING/ NERMIE HEALTH AND BEAUTY PRODUCTS TRADING
- EVER ARM ANY MARKETING
- RIGEN MARKETING (RIGEN)
- LDT AGRO INDUSTRIAL HUB CORPORTATION (LDT), in partnership with NUTRIWEALTH MULTIPURPOSE COOPERATIVE (NPMC) now VCM-NW CORPORATION (VCM-NW)/ VALUE CHAIN METHODOLOGY/ VCM NETWORK/ VCM NETWORK LIVELIHOOD SUPPORT ASSOCIATION (VCM-LSA)
- DV BOER FARM CORPORATION (DV BOER)
- ALMAMICO/ ALAMCCO
- KAPA PADAYON/ KAPA-COMMUNITY MINISTRY INTERNATIONAL, INC. (KAPA)
- UNITY WEALTH MARKETING/ UWEALTH PREMIUM AND UNITYWEALTH 100
- NORTH EAST LUZON FOUNDATION, INC.
- PAYSBOOK E-COMMERCE SYSTEM CO. LTD/ PAYSBOOK E-COMMERCE SYSTEM CORPORATION
- ANGEL INVESTOR GROUP, INC.
- THE PHILIPPINE GOOD SAMARITAN RIDERS ASSOCIATION (TPGSRA), INC./ THE GOOD SAMARITAN RIDERS CLUB
- MUNIFICENCE MINISTRY under the INTERDENOMINATIONAL EVANGELICAL CHURCH MINISTRIES, INC.
The SEC offered the following tips to avoid investment scams:
Lookout for these Common “red flags”:
It sounds too good to be true. Any investments that sounds too good to be true probably is. Any investment opportunity that claims you'll receive substantially more than that could be highly risky - or be an outright fraud. Be extremely wary of claims on a website that an investment will make "INCREDIBLE GAINS" or has "HUGE UPSIDE AND ALMOST NO RISK!"
The promise of "guaranteed" returns. Every investment entails some level of risk, which is reflected in the rate of return you can expect to receive. If your investment is 100% safe, you'll most likely get a low return. Most fraudsters spend a lot of time trying to convince investors that extremely high returns are guaranteed or that the investment is a can't miss opportunity.''
Pressure to buy RIGHT NOW. Don't be pressured or rushed into buying an investment before you have a chance to think about - and investigate - the "opportunity". Be especially skeptical of investments that are pitched as "once-in-a-lifetime" opportunities, particularly when the promoter bases the recommendation on "inside" or confidential information. Investors who learn of investing opportunities should always be on the lookout for fraud.
If you have a question or concern about an investment, or think you have encountered fraud please contact the SEC’s Enforcement and Investor Protection Department at telephone numbers +632-818-6337 and +632-818- 5324.
Copies of the SEC Advisories on the above-mentioned entities are available at https://phnompenhpe.dfa.gov.ph/images/2019_SEC_Advisory.pdf.
For inquiries or clarifications, please contact SEC at email address This email address is being protected from spambots. You need JavaScript enabled to view it.. You may also visit SEC’s website at www.sec.gov.ph.
28 June 2019, Phnom Penh
