Teachers Financial Coaching Program (TFCP)/Teachers Financial Freedom Program (TFFP)/Elite Teachers Financial Program (ETFP)/Teachers Financial Program (TFP)

2020SEC ADVISORYThe Commission has received numerous reports regarding the activities of an entity using the following names: (1) TEACHERS FINANCIAL COACHING PROGRAM (TFCP); (2) TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP); (3) ELITE TEACHERS FINANCIAL PROGRAM (ETFP); and (4) TEACHERS FINANCIAL PROGRAM (TFP). Based on the information gathered by the Commission, TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP) has been enticing the public school teachers to investment an amount of Php115,000.00 or assist the teachers to obtain a loan from a bank for the said amount in exchange for Php11,000.00 worth of Royale beauty products/food supplements and a cheque amounting to Php10,500.00. However, the investor will be required to recruit new members to further receive another Php11,000.00 for each recruit. Said entity likewise offers training seminars on financial literacy and promises a debt-free life, double net pay, owning a car, travel with family and savings in the bank.The public is hereby informed that based on the records of the Commission, TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM...