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Investor alert: SEC warns public against Salon de Pamplona’s unlicensed offerings

The Securities and Exchange Commission (SEC) has issued a public warning against an investment scheme offered by an Iloilo-based salon chain, urging caution among potential investors.

Salon de Pamplona, operating in Iloilo with nine regional branches under the management of Ramillo Pamplona Pumbaya, has been flagged by the SEC for actively seeking investments without the requisite licenses.

The salon chain, led by Ramillo Pamplona Pumbaya, is currently soliciting funds under the pretext of expanding its salon branches. The investment options presented range from P5,000 to P300,000, promising a 15 percent return within a 30-day period.

However, the SEC has clarified that Salon de Pamplona is not authorized to sell or offer securities to the public, lacking the necessary registration or license from the commission.

This advisory follows a prior SEC caution against Salon de Alexis, another Iloilo-based salon owned and operated by Ronald Pamplona Menor, which was found to employ a comparable investment scheme.

Investors are advised to exercise due diligence and verify the legitimacy of investment opportunities to mitigate potential risks.

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