Home Scam/Fraud SEC flags more unlicensed investment schemes

SEC flags more unlicensed investment schemes


Year’s tally mounts with addition of Asiaworks, 247STOCKTRADEFX 

THE Securities and Exchange Commission (SEC) released two separate advisories against the investment schemes of Asiaworks Digital Marketing Services and 247STOCKTRADEFX.

“The SEC Advisories are issued in order to guide the public in making informed [decisions] regarding their investments and to warn all unscrupulous individuals and/or entities that strict penalties are imposed for violations of the Securities Regulation Code (SRC), the Revised Corporation Code, and such other rules and regulation enforced by the commission,” the corporate regulator said.

It has issued eight advisories against unlicensed investment schemes of unregistered entities in July. A total of 55 advisories have been released so far this year.

Asiaworks is said to be founded and led by a certain Ivan Henry Prieto Enrijo. It is a “triple your money” investment…

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