THE Securities and Exchange Commission (SEC) and the Philippine Stock Exchange are urging the public not to engage with fake firms using various methods to deceive an unsuspecting investor.
THE Securities and Exchange Commission and the Philippine Stock Exchange are urging the public not to engage with fake firms using various methods to deceive an unsuspecting investor.The advisories were issued after Bagong Bansang Maharlika International Inc. was found to be operating in the Visayas and Mindanao despite the November 2023 revocation of its permit by the SEC.
'The public is advised that PSE neither owns nor operates the website 'https://psephilippine.com/User/index,' it does not sell cryptocurrencies, it does not have a 'customer service' team, and its employees or agents do not advertise or promote, for purposes of investment, cryptocurrency,' the bourse emphasized.Using social media apps, the cryptocurrency scammers entice potential investors to register and create an account through a website.
Warned About Fake Firm Crypto Scam
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