THE Securities and Exchange Commission (SEC) advised the public to stop investing in casino- and cryptocurrency-related company The Peak Finance Consultancy Services as it deals with unauthorized selling of securities.
In an advisory on Tuesday, the SEC said The Peak Finance is not registered with the regulator and is unauthorized to solicit investments from the public as it has not secured prior registration or license as prescribed under Section 8 of the Securities Regulation Code .
The company offers various investment opportunities such as vehicle pawning, property pawning, currency trading, crypto mining, and a table junket sharing program. The proposed investment schemes are available on its website. The regulator said ASJ Forex claims to be “one of the leading online brokers, offering Forex Exchange and contracts for difference on over 40 trading goods, to more than 5,000,000 clients in nearly 190 countries worldwide.”
Investors are also promised to earn commission through referrals from 4%, 8%, and 16% and can invest through the MetaTrader 5 platform.
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