SEC files criminal complaints vs. four companies

The Securities and Exchange Commission said Tuesday it filed criminal complaints against four groups allegedly found to be illegally soliciting investments from the public.

The SEC also implicated the respective incorporators and officers of the entities in the complaints filed with the Department of Justice. Persons found guilty of the provisions of the SRC face a fine of up to P5 million, or imprisonment of up to 21 years, or both. Great 4 International Marketing Corp., operating under the business name and style Home Organic Wellness, disseminated to the public leaflets, brochures and marketing paraphernalia offering a guaranteed monthly income equal to 14.4 percent of the amount invested in 18 months, the SEC said.

Source: News Formal (newsformal.com)

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ADB, World Bank support PH digital transformationDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

EastWest booked 32% profit growth to P6.1b in 2023Defining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

PCG conducts seminar on programs, projectsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

BSP cancels remittance center’s permitDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Schoeman, Visser conquer IM 70.3 Lapu-LapuDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

POC chief Tolentino: 11 Olympians and countingDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »