SEC warns public vs 2 unauthorized firms

MANILA, Philippines — The Securities and Exchange Commission (SEC) has warned the public against the illegal investment schemes being offered by two entities.

The SEC recently issued advisories against Rollyx Trading/Rollyx Financial Services/Rollyxtrading.com and Benta Sahod Slot by Cezsia Perez/Queences Lungalog Perez.

The SEC said Rollyx Trading is found to be engaged in investment-taking activities in the Philippines, which is not authorized by the commission.

According to the SEC, the entity is an online platform enticing the public to invest on different packages with guaranteed profit.

The SEC also said Cezsia Perez/Queences Lungalog Perez is offering different “Benta Sahod” slots to the public, with various income and inconsistent time maturity periods.

No certain computation or matrix on how much income is given per amount invested.

The SEC said both entities are not registered as a corporation or partnership with the commission.

They are also not authorized to solicit investments from the public since they have not secured prior registration and license from the SEC.

The SEC strongly advised the public not to invest or stop investing in the investment schemes being offered by both entities and their representatives.

“The public is again reminded that investing in such an unregulated entity lacks investor protection because it is not covered by prudential and market conduct requirements applicable to licensed and authorized operations,” the SEC said.