July 27, 2016
SEC ADVISORY
The Securities and Exchange Commission ("Commission") has received reports that:
1. REAL TECHNO TRADING;
2. INFINITE GOLD MARKETING;
3. ABRILLIANCE POWERS TRADING;
4. SEVEN STAR GENERAL MERCHANDISE;
5. ALL ACCESS GATEWAY;
6. IB & W ENTERPRISE;
7. INNOV8 BEAUTY & WELLNESS;
8. PALAWAN ENTRE-BUSINESS COMPANY; and
9. MYSUPER SAVER COMPANY LIMITED.
in Puerto Princesa City/Palawan are engaging in pyramid marketing/investment-taking activities where one is enticed/solicited to invest an amount of money, with a promised return of double/triple or even much of the amount invested, upon payout exit; pursuing investment-taking activities that seemed under the guise of the sale of its packages including recruiting, referring, or sponsoring prospective members/downlines; soliciting, accepting or receiving from others money for the purpose of trading and/or investment contracts; and holding business presentations for the purpose of pursuing investment-taking activities. Such activities may border on both pyramiding scheme as defined in the Consumers Act of the Philippines (RA 7394) which is under the jurisdiction of the Department of Trade and Industry ('DTI'), and illegal investment-taking which may be violative of the Securities Regulation Code (RA 8799) which is...
