The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on ROYAL O’ CONSULTANCY SERVICES OPC, and ROYAL O’ INTERNATIONAL IMPORT AND EXPORT OPC, 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 not to invest or stop investing in any investment scheme offered by the said entity, its representatives or any entities engaged in schemes which promises ridiculous rates of return with little or no risks.
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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Based on the information gathered by the Commission, the investment-solicitation activities being perpetrated by PRINCESS JOANA JO ALFAJID CAMPOS is still continuing by offering to its members and prospective members to invest by depositing such investments in the newly registered one person corporations namely: ROYAL O’ CONSULTANCY SERVICES OPC, and ROYAL O’ INTERNATIONAL IMPORT AND EXPORT OPC.
The Commission has earlier issued an Advisory against ROYAL O FINANCIAL CONSULTANCY SERVICES and ORO MAGNET INTERNATIONAL E-GAMES OPC.
While ROYAL O’ CONSULTANCY SERVICES OPC, and ROYAL O’ INTERNATIONAL IMPORT AND EXPORT OPC were registered with this Commission as one person corporations, however, their respective purpose specifically states that:
“Provided that the corporation shall not solicit, accept or take investments/placements from the public neither shall it issue investment contract.”
Further, to give emphasis to the aforementioned prohibition, hereunder is the portion of the issued Certificate of Incorporation in favor of the two (2) entities:
Notwithstanding their registration with this Commission as one person corporations, ROYAL O’ CONSULTANCY SERVICES OPC, and ROYAL O’ INTERNATIONAL IMPORT AND EXPORT OPC has not secured a secondary license or Permit to Offer and Sell Securities and is not authorized to solicit, accept, or take investments/placements from the public nor to issue investment contracts and other forms of securities under Section 3 of the Securities Regulation Code (SRC) as prescribed under Section 8 of the SRC.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such for the offering or investment scheme to the public of ROYAL O’ CONSULTANCY SERVICES OPC, and ROYAL O’ INTERNATIONAL IMPORT AND EXPORT OPC including solicitations and recruitment through the internet may 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 penalty of twenty-one (21) years of imprisonment or both pursuant to Section 73 of the SRC.
Also, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur criminally liability, or otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the case of Securities and Exchange Commission vs. Oudine Santos(G.R. No. 195542, 19 March 2014).
The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of ROYAL O’ CONSULTANCY SERVICES OPC, and ROYAL O’ INTERNATIONAL IMPORT AND EXPORT OPC to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of them. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers (02) 8818-6047or send your report to the EIPD at epd@sec.gov.ph.
For the guidance of the public.
Pasay City, 23 February2021.
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