SEC raises advisory over investment schemes

THE Securities and Exchange Commission has hoisted an advisory over some entities for illegally soliciting investments from the public.

In an advisory, the SEC Enforcement and Investor Protection Department noted that several entities were soliciting investments even without the necessary licenses.

“We are reminding the public to exercise caution when dealing with individuals or groups soliciting investments for and on their behalf.” stated the advisory, which was raised against Leefire (“Leefire Limited”/”Leefire PH”/”Leefire Philippines”),