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DM 73. S. 2015 - Dissemination of Securities and Exchange Commission (SEC) Advisory and SEC Disclaimer

 According to the SEC, the agency has received reports that Facebook netizens are being invited to invest at Emgoldex Philippines’ “Pinoy Style Patak Patak.” By joining this investment, members are required to invest at least one thousand pesos (P1,000) per account.

SEC added that the said amount investment is set to earn an amount ranging from five thousand pesos (P5,000) to ten thousand pesos (P10,000). If the investment is thirty five thousand pesos, it will yield to one hundred eighty thousand pesos (P180,000) to three hundred sixty thousand pesos (P360,000).

“Per verification, Emgoldex Philippines is not a registered corporation or partnership. Likewise, such entity is not authorized to solicit investments from the public as it did not secure prior registration and/or license or permit to solicit investments from the Commission…” SEC said in their advisory.

“In view thereof, the public is hereby advised to exercise self­restraint from investing their money into such high yield­high risk scheme and to take the necessary precaution in dealing with the above­named entity.” SEC added. The advisory can be found at SEC’s official website at www.sec.gov.ph, (pdf file).

In line with this, DepED released DepEd Order 73, s. 2015 as information campaign which aims to provide Filipinos, most especially the teachers and students, with proper information, guidance and protection from such high risk investment scheme. 

DOWNLOAD DM 73. S. 2015 - Dissemination of Securities and Exchange Commission (SEC) Advisory and SEC Disclaimer

Disclaimer: 
DepED Tambayan is not in any way suggesting that Emgoldex Philippines is a scam or legit. The above advisory is true and correct based on the statement from DepEd Order 73, s. 2015 and SEC. The sole purpose of this news report is to disseminate information to the public, especially to Filipinos, most especially the teachers and students, with proper information, guidance and protection from such high risk investment scheme. 

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