SEC warns public vs investment invitations

By Cet Dematera

The Securities and Exchange Commission (SEC) in Bicol has alerted the public against a company that does not have license to legally engage in investments solicitations.

Glorei Allelu Lindio, SEC-Legazpi Extension Office spokesperson, has warned the public against the alleged illegal business activities of Alisurvey Advertisement Marketing Services.

Lindio said that Alisurvey is a registered partnership put up by business partners Sherwin D. Abasolo and Allan Christopher T. Arguelles, with office address in Daet, Camarines Norte.

Its declared business purpose is to engage in wholesale and retail of perfume products, lifestyle products, ticket booking and retailing business, etc.

“But Alisurvey has also ventured into unauthorized investment solicitations through its so called “Buy, Wait and Earn Packages,” Lindio told Bicol Mail.

In an official release, SECl explained that under this company’s investment scheme, “an investor may invest P20,000.00, P60,000.00 or P150,000.00, depending on the type of package chosen, with corresponding specified guaranteed profit per month.”

Lindio explained that while Alisurvey is licensed to engage in business, but it must only be within the partnership declared and approved business purpose.

“SEC emphasizes that the licensing and registration requirement for investment solicitations is different and distinct from the registration of an entity as a corporation or partnership for which certificate of incorporation or certificate of registration is issued by SEC,” Lindio said.

She clarified that in order to engage in another business activities other that the licensed one, the firm must secure a “secondary license.”

“Only when a SEC-registered and licensed corporation is able to get a secondary license that it could operate another business engagement,” Lindio added.

SEC has yet to file formal complaint against Alisurvey.