2019
SEC ADVISORY
The Commission has received information that individuals or groups of persons representing various unregistered investment entities are enticing the public to invest their money in high-earning products.
The Commission is issuing this Advisory to help Investors be better aware of fraudulent investment schemes that may involve social media.
Investors are increasingly turning to social media including Facebook, Youtube, Twitter, LinkedIn and other online networks for information about investing.
Some examples of investment companies that are soliciting investments through the use of Social Media are as follows: CAIHTE
1) MGA BUSINESS ENTERPRISES
2) COOPHUB MULTIMEDIA SERVICES
3) JOGLE INNOVATIVE MARKETING
4) GLOBAL DREAM ZION
5) GRAPPLER
6) SHERPAN
7) BCT MARKETING/BCT MOTORCYCLE AND CAR TRADING
8) RTM/RTM PHARMACY AND GENERAL MERCHANDISE
9) DIAMOND MARKETING
10) FUSION MARKETING
11) FMARKET
12) CIRFUND aScITE
13) VIBEARN
14) ONEPRO
15) BCC/BCC COSMETICS TRADING
16) UNLISHOP COMPENSATION PLAN MARKETING
17) VUCC
18) BITRAIN
19) TCOIN
20) CROWD ROYALS
21) ADA FARM AGRI VENTURE
22) NERMIE MARKETING/NERMIE HEALTH AND BEAUTY PRODUCTS TRADING
The schemes that may be employed by the above-mentioned entities are described below:
1) They offer their investment contracts in the corresponding Facebook pages or secret Facebook groups and chatroom, Youtube, etc.;
2) They...
