March 2, 2017
SEC ADVISORY
This ADVISORY is prompted by inquiries and reports to the Commission that BRAINMAX HOLDINGS AND TRADING, INC. is soliciting investments wherein investors are promised a return of Forty Percent (40%) in four (4) months for a minimum investment of Twenty Five Thousand Pesos (Php25,000.00) which is allegedly reinvested in the stock market. Payment of return of investment is done through the issuance of postdated checks. HEITAD
The public is hereby informed that based on the records of the Commission, BRAINMAX HOLDINGS AND TRADING, INC. is not authorized to solicit investments from the public as it has not secured the necessary license or permit from the SEC as required under Section 8 of the Securities Regulation Code (SRC). Further the authorized purposes of BRAINMAX, as stated in its Articles of Incorporation, DO NOT include investment-taking activities.
Those who act as salesmen, brokers, dealers, or agents of BRAINMAX HOLDINGS AND TRADING, INC. in selling or convincing people to invest in the investment scheme being offered by BRAINMAX HOLDINGS AND TRADING, INC. including doing solicitations or recruitment...
