THE Securities and Exchange Commission (SEC) has filed criminal complaints against four firms and 33 individuals for soliciting investments from the public without the necessary registration and licenses.
THE Sec urities and Exchange Commission has filed criminal complaints against four firms and 33 individuals for soliciting investments from the public without the necessary registration and licenses.In a statement, the SEC said it filed complaints with the Department of Justice against Bear Mountain World, Inc., Beyond Skin Care Ventures Inc., SCET Colleens Corp., and Great 4 International Marketing Corp. for violating provisions of the Sec urities Commission Code .
SCET Colleens was found to be offering a supposed return on investment of from 5 to 8 percent for investments ranging from P3,800 up to P1.08 million.Great 4 International, operating under the business name Home Organic Wellness, was found to be offering to the public a guaranteed monthly income equivalent to 14.4 percent of the amount invested in 18 months. It also used a marketing scheme for selling motorcycles to lure investors to take part in its scheme.
Files Charges Vs Firms Over Investment Scams
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