In re Organico Agribusiness Ventures Corp.

May 28, 2019SEC CDO CASE NO. 04-19-047IN RE: ORGANICO AGRIBUSINESS VENTURES CORP.ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, movant.CEASE AND DESIST ORDERThis resolves the Motion for Issuance of Cease and Desist Order filed on 3 May 2019 by the Commission's Enforcement and Investor Protection Department (EIPD), enjoining ORGANICO AGRIBUSINESS VENTURES CORP. (ORGANICO) and their directors and officers, representatives, salesmen, agents, and any and all persons, conduits, entities and subsidiaries claiming and acting for and in their behalf, to cease and desist from engaging in activities of selling and/or offering for sale securities in the form of investment contracts until the requisite registration statement is duly filed with and approved by the Commission and the corresponding license to offer/sell securities is issued. RELEVANT FACTSORGANICO is a domestic corporation incorporated on 8 May 2018 (Company Reg. No. CS201806980). It is alleged to be one and the same as "ORGANICO AGRIBUSINESS VENTURES," which was an unincorporated business at the start of the EIPD investigation.Its original principal office was located at Unit 7 UN Building, Aviles Street, Alegria, Ormoc City, Leyte,...