The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on Securities Enforcement Commission, warning the public of the individuals and groups involved in the entity. The advisory states that the SEC is not, in any way, connected to or affiliated with the subject entity, and advises the public who received any communication from Securities Enforcement Commission and other similar entities to directly coordinate with the SEC.
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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It has come to the attention of the Securities and Exchange Commission(the “Commission”)that an entity by the name of SEC –Securities Enforcement Commission has been contacting individual borrowers of a certain lending company through email, advising them to cease payments on loans in view of alleged active investigations/cases against said lending company.
Please be informed that the Commission does not issue such an advice to any borrower of any lending or financing company. The public is further advised that the Commission is not, in any way, connected or affiliated with SEC –Securities Enforcement Commission.
Borrowers who received letters, emails, or any other communication containing said information from SEC –Securities Enforcement Commission and other similar entities are advised to directly coordinate with the Commission via email at cgfd_md@sec.gov.ph.
For the guidance of the public.
Pasay City, 5January 2021.
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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.