SEC warns public against two investment-taking entities - BusinessWorld Online

📆 2022-12-29 6:15 AM
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IN SEPARATE advisories, the Securities and Exchange Commission (SEC) has warned the public not to invest in Tether Pay Ltd. and Ground Zero Poultry Agricultural Corp. as both companies have not secured the license to sell investment contracts.

STEVE BUISSINNE-PIXABAY

The SEC identified the company’s scheme as a way of selling investment contracts wherein funds are placed in a common enterprise with a reasonable expectation of profit derived from the efforts of others. It also found out that the company is related to two entities, which it identified only as Hustlin Bullies and Ground Zero Poultry, for which the commission previously posted separate advisories against — on Sep. 14, 2021 and Feb. 8, 2022, respectively.

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