In re Togachat Academy Philippines, Inc.

December 17, 2019SEC CDO CASE NO. 10-19-059IN THE MATTER OF: TOGACHAT ACADEMY PHILIPPINES, INC.ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, movant.CEASE AND DESIST ORDERThis resolves the Motion for the Issuance of Cease and Desist Order 1 (the "Motion," filed by the Commission's ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT ("EIPD" for brevity), enjoining TOGACHAT ACADEMY PHILIPPINES, INC., its officers, directors, salesmen, agents, representatives and any and all persons claiming and acting for and in their behalf, to cease and desist from engaging in activities of selling and/or offering for sale of securities in the form of investment contract until the requisite registration statement is duly filed and approved by the Commission and the corresponding license to offer/sell is issued. RELEVANT FACTSMovant, EIPD is the Department tasked to investigate, motu proprio or upon complaint or referral, violations of the law and the rules and regulations of the Commission and to, among others, initiate the issuance of a Cease and Desist Order (CDO) by the Commission. 2 Pursuant to Section 4-1, Rule IV, Party II of The 2016 Rules of Procedure...