August 11, 2020
SEC CDO CASE NO. 05-20-066
IN THE MATTER OF: JOCALS688 BEAUTY AND WELLNESS PRODUCTS TRADING, INC., (SEC Company Registration No. CS201965099)
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, movant.
RESOLUTION
This resolves the Urgent Motion to Allow the Resumption of Sale of Products 1 (Motion to Resume) embodied in the Manifestation filed on 27 July 2020 by JOCALS688 BEAUTY AND WELLNESS PRODUCTS TRADING, INC. (JOCALS688) praying that the Commission issues an order allowing it to resume the selling of products without recruitment pending the resolution of its Motion to Lift the Cease and Desist Order 2 filed on 09 June 2020.
The records show that the instant case came about as a result of the investigation conducted by the Enforcement and Investor Protection Department (EIPD) where it was found that JOCALS688 has been selling/offering for sale securities to the public in the form of investment contracts without the requisite license from the Commission.
The Commission, acting on the recommendation of the EIPD, issued and posted an Advisory on 14 April 2020 informing the public that JOCALS688 is not authorized to...
