The Securities and Exchange Commission (SEC) has issued an advisory against investing in REPA/REPA PALUWAGAN – Mindanao Times

 The Securities and Exchange Commission (SEC) has issued an advisory against investing in REPA/REPA PALUWAGAN – Mindanao Times

THIS Advisory is prompted by reports and inquiries received by the Commission from the public asking whether REPA/REPA PALUWAGAN with operations in Bohol, Davao, Bukidnon and Cebu is registered with the Commission and if it can solicit investments from the public. For the information and guidance of the public, REPA/REPA PALUWAGAN DOES NOT APPEAR AS A REGISTERED CORPORATION OR PARTNERSHIP. Further, it is NOT AUTHORIZED to solicit investments/placements from the public nor to issue investment contracts and other forms of securities since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 12 of the Securities Regulation Code. The operations of this entity is a “PONZI SCHEME” which is defined as an investment fraud that involves the payment of purported returns to existing investors from funds contributed by the new investors. For more information, and for a copy of the…

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