The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on (1) TEACHERS FINANCIAL COACHING PROGRAM (TFCP); (2) TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP); (3) ELITE TEACHERS FINANCIAL PROGRAM (ETFP); and (4) TEACHERS FINANCIAL PROGRAM (TFP), warning the public of the individuals and groups involved in such activities. The advisory defines the activities behind the scheme, and advises the public to take precautions in joining or investing in these groups.
In support of this view, Coins.ph does not endorse or is affiliated in any way with such activities or products. Moreover, we have a zero tolerance policy on fraudulent activities and potentially scamming practices. In a separate article, we have enumerated tips on how you can avoid investment schemes and other online scams. We urge our customers to be extra diligent with their funds and to act within our User Agreement.
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The 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 teachrs to obtaini a loan from a bank for the said amount in exchange for Php 11,000.00 worth of Royale beauty products/food supplements and a cheque amounting to Php 10,500.00. 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 (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP) is NOT registered with the Commission either as a corporation or a partnership. Further, it is not authorized to solicit investments from the public as the abovementioned entity did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the Securities Regulation Code (SRC).
Those who act as salesmen, brokers, dealers, or agents of TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP) in selling or convincing people to invest in the investment scheme being offered by it including doing solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of FIVE MILLION PESOS (P5,000,000.00) or a maximum penalty of TWENTY ONE (21) years imprisonment or BOTH pursuant to Section 73 of the SRC (SEC vs. Oudine Santos , G. R. No. 195542, 19 March 2014).
Furthermore, the names of all those involved will be reported to the Bureau of Internal
Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed.
In view of the foregoing, the public is hereby advised to exercise self-restraint from investing their money into such high-yield, high-risk investment scheme and to take the necessary precaution in dealing with individuals representing the above-named entity. Should you have any information about the business operations of TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM
(TFP), please call the Enforcement and Investor Protection Department at telephone numbers 8818-6047 or email at epd@sec.gov.ph.
For the guidance of the public.
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You can visit this link for more safety tips for your Coins.ph account. If you have any further questions, you may reach out to us at help@coins.ph.
