NOTICE TO THE PUBLIC
On 17 August 2012, the Securities and Exchange Commission (SEC) received reports that a firm operating in Pagadian City, offers securities to the public with a promise of "double your money" for the investment made. Investors lined-up to be accommodated because of the representation that a P50,000.00 investment would generate an "assured" 50%, or P50,000.00 yield in a month.
The public is reminded to be over-cautious or exercise prudence in investing their money in what appears to be a high-yield risk investment which may turn out to be a fraudulent scheme.
Where the scheme involves the sale of securities, please make sure that these securities are registered with the SEC. In this regard, you may inquire with the Corporation and Finance Department (CFD) of the SEC at telephone numbers 584-6103 or 584-5950.