DAVAO CITY — The Securities and Exchange Commission-Davao Extension Office has appealed to the public not to invest in two entities for promoting illegal schemes, both operating in its area of responsibility (Davao Region, SOCCSKSARGEN, Cotabato City and the Maguindanao Provinces).

The extension office issued the warning against OTCJKE/OTC AUTOMATED TRADING PLATFORM/JKE INTERNATIONAL LIMITED and A POWER/APOWER PRO/A POWER PH/APOWER POWER BANK/APOWER POWER BANK SHARING SOLUTION, OPC after the Commission issued advisories yesterday, December 06, based on the investigation of the SEC’s Enforcement and Investor Protection Department.

OTCJKE

OTCJKE/OTC AUTOMATED TRADING PLATFORM/JKE INTERNATIONAL LIMITED is NOT registered with the Commission either as a corporation or partnership and is NOT AUTHORIZED TO SOLICIT INVESTMENTS from the public, not having secured prior registration and/or license to sell securities or solicit investments as prescribed under Section 8 of the Securities Regulation Code (SRC).

As posted in its official Facebook group, OTCJK/ OTC AUTOMATED TRADING PLATFORM/JKE INTERNATIONAL LIMITED represents itself as a high-frequency trading encryption platform where investors can earn 3%-8% daily earnings withdrawable anytime through a crypto wallet or a G-cash account. It also states that it is a cryptocurrency subsidiary of the British JKE group and is one of the companies that supports the Ukraine Crisis.

Interested individuals are required to download the application of OTCJKE/OTC AUTOMATED TRADING PLATFORM/JKE INTERNATIONAL LIMITED from the play

store/ app store to register and create an account. After registering, the investors would be asked to deposit money in US Dollars through Binance or G-cash. Once the money is deposited through the application, the individual may now start using the mining bot to earn and their income would depend on the amount of money deposited as shown in the table posted in their Facebook group. The member may also earn income commission by getting “team members” or recruiting others to invest.

APOWER PH

APOWER PH/APOWER POWER BANK claims that it is located in Silicon Valley, USA, and it is an innovative intelligent infrastructure manufacturer and operator for consumers scenarios. As posted on their website/mobile application, in APOWER PH and APOWER POWER BANK, you can invest by registering first, then you can choose from any of the fifteen (15) types of Advertising Charging Stations worth Php500.00 up to Php1,000,000,00 valid for 3 days up to 80 days. The investor can earn from Php12.50 up to Php120,000.00 daily or Php375.12 up to Php3,600,000.00 monthly. Also, investors can earn 10% from recharge commission and 10% up to 30% from product commission.

Records of the Commission show that APOWER POWER BANK SHARING SOLUTION OPC is registered with the Commission as a One Person Corporation (OPC). However, it is NOT AUTHORIZED to solicit investments from the public since it has NOT secured prior registration and/or license from the Commission as prescribed under Section 8 and 28 of the Securities Regulation Code (SRC).

The Commission warns that those who claim to act as salesmen, brokers, dealers or agents of these two entities and/or selling or convincing people to invest in the said investment schemes allegedly, through the internet or any other means, may be held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014).

The Commission also encourages those that have any information regarding the solicitation activities of any individual and/or groups of persons representing these entities to email your reports to the Enforcement and Investor Protection Department (EIPD) at epd@sec.gov.ph.


Source: Mindanao Times ( https://mindanaotimes.com.ph/2022/12/07/sec-davao-warns-public-vs-apower-otcjke/?utm_source=rss&utm_medium=rss&utm_campaign=sec-davao-warns-public-vs-apower-otcjke#utm_source=rss&utm_medium=rss&utm_campaign=sec-davao-warns-public-vs-apower-otcjke)