May 5, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
SEC ADVISORY
The Securities and Exchange Commission ("Commission") has received information that individuals or group of persons representing a FACEBOOK ACCOUNT NAMED "FIL-INVEST," are offering investment opportunities to the public.
Based on verification conducted, the FIL-INVEST subject of this SEC Advisory is NOT IN ANY WAY RELATED TO OR CONNECTED WITH THE LISTED COMPANY, FILINVEST DEVELOPMENT CORPORATION (FDC), AND ANY OF ITS SUBSIDIARIES INCLUDING FILINVEST LAND, INC. (FLI) AND EAST WEST BANKING CORPORATION (EWBC) NOR THEY HAVE ANY AFFILIATION THERETO.
According to the information gathered, the public is invited to invest to earn passive income ranging from 5% to 20% monthly return. Apparently, the pooled investments are used by the group to finance their gambling activities, particularly, in playing Baccarat:
Based on the records of the Commission, FIL-INVEST is not registered in the Commission's database as a corporation or partnership and is not authorized to solicit investments from the public as the above-mentioned entity did not secure prior registration and/or license to solicit investments from the Commission as...
