June 21, 2019
SEC ADVISORY
The Securities and Exchange Commission (Hereafter "Commission") has received information that individuals or group of persons representing UNLISHOP E-COMMERCE ADVERTISING SYSTEM COMPANY DOING BUSINESS UNDER UNLISHOP E-COMMERCE ADVERTISING SYSTEM (Hereafter "UNLISHOP") are enticing the public to invest in the said entity online or through the internet.
Per records of the Commission, UNLISHOP is registered as a partnership headed by Hector John Hemady Dollero and Ryan Guerrero Hemady. Its primary purpose is "to engage in the business of buying, selling, advertising of products on online services or over the Internet. It also includes the online marketplaces which process third-party business-to-consumer or consumer-to-consumer sales." However, the said partnership is not authorized to solicit investments from the public as the above-mentioned entity did not secure prior registration and/or license to solicit investment from the Commission as prescribed under Section 8 of the Securities Regulation Code.
Based on the information gathered by the Commission, UNLISHOP entices the public to invest by selling online account codes and recruiting other individuals to join the investment scheme. The entire investment...
