Foreign Exchange Trading is Illegal in the Philippines

October 30, 2018SEC ADVISORYFOREIGN EXCHANGE TRADING IS ILLEGAL IN THE PHILIPPINESThe public is hereby advised to STOP engaging in Foreign Exchange Trading and to STOP investing in foreign-registered investment platforms of commodity futures, contracts for difference, indices, binary options and the like. Further, the SEC advises the public that persons and entities acting as brokers, salesmen or agents of these securities have NO LICENSE to engage or deal in any manner with these securities and should therefore be AVOIDED or IGNORED. Please find the link to the previously issued advisories of the commission:http://www.sec.gov.ph/wp-content/uploads/2018/08/2018Advisory_FreeTrainingSeminarsPromotingForeign-RegisteredElectronicInvestmentPlatforms.pdfhttp://www.sec.gov.ph/wp-content/uploads/2018/05/2018Advisories_Blazing-Traders.pdfhttp://www.sec.gov.ph/wp-content/uploads/2016/11/2016SECAdvisoryForex.pdfThe public is encouraged to report to the Commission entities and/or persons operating Foreign Exchange Trading platforms and those acting as brokers, salesmen or agents of these operators to the Enforcement and Investor Protection Department (EIPD) at telephone numbers 818-76-50 and 818-63-37. HSCATc