SEC flags down more investment ‘scam’ groups

📆 27-05-20 14:11:00
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The SEC also warned those who engage in cyber scams such as phishing and fraudulent emails, taking advantage of the coronavirus pandemic and the economic struggle of individuals and businesses, that such activities also violate the Bayanihan to Heal as One Act.

has flagged more groups for alleged unauthorized solicitation of investments from the public.

“The groups have neither registered securities such as investment contracts nor secured secondary licenses to solicit and take investments from the public, as required under the Securities Regulation Code,” the SEC said.

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