January 31, 2020
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
IN THE MATTER OF: DV BOER FARM INTERNATIONAL CORPORATION
ORDER
This has reference to the Manifestation and Compliance submitted by DV Boer Farm International Corporation (DV BOER) in support of its Petition to Lift the SEC Advisory posted at the SEC website.
Antecedent facts:
Investigation conducted by the Enforcement and Investor Protection Department (EIPD) revealed that DV BOER has been offering its "Pa-iwi" Program through its website and offices.
Thereafter, the Commission issued and posted a SEC Advisory on 30 April 2019. The Advisory informed the public that DV BOER is not authorized to offer, solicit, sell or distribute any investment/securities and such activities require a Secondary License from the Commission and the securities or investment product should likewise be registered with the Commission before they can be offered or sold to the public under Sections 8 and 12 of the Securities Regulation Code (SRC).
DV BOER's Paiwi Program constitutes securities in the form of investment contracts under Section 3.1 of the SRC. Thus, for failure to register its Paiwi contracts, DV BOER was...
