WARNING!

THE Securities and Exchange Commission has advised the public against dealing with the following entities due to their unauthorized solicitation of investments without the necessary license from the Commission:

1. BNY PAL (BENTA PALUWAGAN)

This entity offers different “paluwagan” slots and income for different time-maturity periods, without computation or matrix on how much income is given per amount invested. It entices the public to invest by promising a minimum of 30% profit in just 10 days.

2. ONE 1KEY PROGRESS BOOSTER (OKPB), INC.

This entity entices the public to invest in its so-called “Power Apps Marketing Business” by registering for a fee of P1,000. Once registered, a member then needs to invest P5,000 to be entitled to a 50% return on income in just 15 days. An investor-member may also invest P100,000 to avail of a 300%-400% profit in just 5-10 days. 

Some of these groups’ investment schemes or actions resemble a pyramid/Ponzi scheme, where investors earn through recruitment fees instead of the sale of actual products/services, and investors are paid using the contribution of new members, according to the SEC.

The Commission remains unwavering in its efforts to stamp out illegal investment-taking activities through financial literacy campaigns and advisories to the public. You may visit the SEC website at www.sec.gov.ph to learn more about the Commission’s enforcement actions and investor education campaign.