#SEC Philippines

The Securities and Exchange Commission (SEC) is warning the public on unauthorized investments surrounding cryptocurrency trading and online selling - specifically noting Forsage, RCashOnline, and the Saint John of Jerusalem Knights of Malta Foundation of the Philippines, Inc. The SEC is also warning those that act as salesmen, brokers, dealers, or agents of the entities above that they are violating the Republic Act No. 8799, or The Securities Regulation Code, among others. The SEC states that Forsage does not have the necessary licenses to sell or offer investment contracts to the public. The people that manage RCashOnline are the same group operating OnlineBiz and ELITE Entrep Blue Print, which have also been subjects of previous SEC advisories. The SEC has revoked this group's certificate of registration since February 2003 for noncompliance with its reportorial requirements. Just received an SMS from my account manager from Security Bank early this morning (this was after one missed call). Then, we noticed several other Security Bank customers also report of the same SMS confirmation (just that mine was more personalized). Read more in our articles including "SEC warns against Forsage, RCashOnline and The Saint John of Jerusalem Knights of Malta Foundation of the Philippines, Inc." and "Nothing teases Phone (4b) in cryptic teaser video".