THE Securities and Exchange Commission has issued advisories against three illegal entities offering 'investment contracts' promising unrealistic returns.In a series of advisories last week, the regulator said Vividzoo, Roark Fund, and JF Investing and Financial Services were not authorized to solicit investments from the public because they were not duly registered and did not have the proper licenses.
Roark Fund, meanwhile, presents itself as an artificial intelligence trading robot that promises its investors returns from 180 percent to as much as 7,200 percent within just one month to one year. Investors are also promised a bonus based on the number of recruits they successfully invite to the supposed AI-based 'fund.
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