SEC Davao red-flags 2 firms over unauthorized investment schemes

Quick Summary:

DAVAO CITY—The Securities and Exchange Commission (SEC) office here issued red flags to two companies, one masquerading as a religious organization, for unauthorized investment schemes operating in the Davao region.

The modus operandi “targets job applicants, offering work from home arrangements and assigning tasks for completion.“Once the tasks have been completed, the victim needs to recharge their account and is asked to pay just so they get their salary or commission,” she said.

The unauthorized investment scheme is one of the inquiries that the SEC Davao Extension Office has been receiving, she said.

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Article Details

Author / Journalist: Manuel Cayon

Category: BusinessStartups

Markets: Philippines

Topics: Unauthorized Estares Companies Investment Hasmadai Foundation People Scheme Office Davao Offering

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 15:30:08 (4 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24857215

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 4 posts per day

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News Last Updated: 15 hours ago

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