#sec advisory

The Securities and Exchange Commission (SEC) has announced a public advisory about the mobile application TuneGaga. As such, the Securities Regulation Code (SRC) requires that said offer and sale of securities must be duly registered with the  Commission and that the concerned entity and/or its agents should have the appropriate registration and/or license to sell such securities to the public. Since the subject is not registered, the SEC advises the public not to invest or stop investing in the investment scheme offered by  TuneGaga and its representatives. Should you have any information regarding the operation of the subject, you may send a report to [email protected]. The Securities and Exchance Commission or SEC has just announced that Cryptostakers or Crypto-Stakers.com is enticing the public to invest with a minimum amount of PHP 1,000 with a promise of 8% daily payout for 25 days or 100% return of investment in 25 days. This is in lieu of the Commissions announcement that Cryptostakers is operating without the necessary license and/or authority to solicit, accept, or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC). The offering and selling of securities in the form of a Ponzi Scheme, which is fraudulent and unsustainable is not a registrable security. Read more in our articles including "SEC issues advisory on TuneGaga" and "SEC issues advisory on Cryptostakers / Crypto-Stakers.com".