May 7, 2020
SEC ADVISORY
The Commission has received information that a certain BILLY FORD ANDRADA through his BAYANIHAN PROGRAM is enticing the public to invest their money in the said program with the promise of high monetary rewards or profits.
Information gathered from online sources and reports from the public show that the BAYANIHAN PROGRAM OF BILLY FORD ANDRADA entices the public to invest a minimum amount of PhP2,000.00 with a promise of 50% return of investment. In addition, a member will also earn a 5% direct referral bonus.
In enticing the public to invest, BILLY FORD ANDRADA also offered promotions such as 15% direct commission and PhP300.00 bonus for every investment of PhP2,000.00. Below are the screenshots of Facebook (FB) posts showing its offer:
The public is hereby informed that BAYANIHAN PROGRAM is not registered with the Commission and is not authorized to solicit investments from the public, not having secured prior registration and/or license to sell securities or solicit investments as prescribed under Section 8 of the Securities Regulation Code (SRC).
Further, BILLY FORD ANDRADA...