Maxxprofit Computer Trading

December 22, 2020 SEC ADVISORY Based on the information gathered by the Commission, a number of individuals or group of persons claiming to represent MAXXPROFIT COMPUTER TRADING (known as "MAXX PROFIT" ) headed by JONARD LAURILLA , are enticing the public to invest their money in said entity. As posted online, MAXX PROFIT is offering investments to the public by availing either any of the following accounts with guaranteed earnings of 200% in just a matter of 12 days . Further, a member is entitled to a direct bonus equivalent to 50% whenever such member recruits, and a Unilevel Bonus of 1% up to the 10th level. Since the above-described scheme involves the offering of securities to the public, the Securities Regulation Code (SRC) requires that these securities are duly registered and that the concerned corporation and/or its agents have appropriate registration and/or license to sell such securities to the public pursuant to Sections 8 and 28 of the SRC. The records of the Commission show that MAXXPROFIT COMPUTER TRADING/MAXX PROFIT is not registered with the Commission either as a corporation nor as a partnership. Further, 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 Sections 8 and 28 of the SRC. Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such for MAXXPROFIT COMPUTER TRADING/MAXX PROFIT in selling or convincing people to invest in the investment scheme being offered by said entity including solicitations and recruitment through the internet may be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or penalty of Twenty-one (21) years of imprisonment or both pursuant to Section 73 of the SRC. Also, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur criminal liability, or otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the case of Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19 March 2014). The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of MAXXPROFIT COMPUTER TRADING/MAXX PROFIT and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers (02) 8818-6047 or send your report to the EIPD at [emailprotected] . For the guidance of the public. Pasay City, December 22, 2020.