In an advisory, the SEC said Teck Mining and teckph.com are not connected to Canada-based Teck Resources Ltd. and Sun Life Management Co., Inc.
The regulator also received reports that representatives of Teck Mining have been saying that it is related to Teck Resources. The entity’s representatives were also using Sun Life’s insurance certificate form to make it appear that investments in Teck Mining are insured. Investors are instructed to download Teck Mining’s trading application from Google Play Store. They will then be contacted through messaging platforms to introduce the investment scheme.
“Thus, an investment of P5,000 has the potential to earn as much as 40% or equivalent to P2,000 within a 20-day cycle,” the SEC said.
Source: News Formal (newsformal.com)
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