The Securities and Exchange Commission (SEC) has alerted the public against illegal investment-taking activities of Trading Cartel.
Reports gathered and verified by the SEC showed that persons have been engaging in the investment scheme being offered by certain individuals affiliated with Trading Cartel, promising a return of as much as five to 10 percent monthly interest.
According to the SEC, Trading Cartel is not registered as a corporation or partnership nor is it authorized to solicit investments from the public.
The entity has not secured prior registration and/or license from the SEC as prescribed under Sections 8 and 28 of the Securities Regulation Code.
“In view thereof, the public is advised not to invest or stop investing in any investment scheme being offered by individuals claiming to be connected with the foregoing entity,” the SEC said.
