Quick4Speed

June 19, 2023 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on reports and information gathered by the Commission, individuals or group of persons claiming to represent QUICK4SPEED , are enticing the public, through social media to invest in said entity. acEHCD QUICK4SPEED claims that they specialize in providing top quality and high end project parts for motorcycles and cars. Also, they assert that they are a master trader in the forex market. Hence, QUICK4SPEED promises that they can manage to generate a consistent revenue and profits despite of any inflation and economic struggles. QUICK4SPEED is owned by Mr. JOWILL OLASIMAN . As posted online, QUICK4SPEED is inviting investors for them to expand their brand and business, they are offering different investment packages with a return of 10% of their invested amount every month upon reaching their target profits or 120% capital gains in one year, as shown below: In this regard, the public is made aware that an "investment contract," which is a kind of security, exists when there is an investment or placement of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others, which is prominent in the scheme of QUICK4SPEED . EcTCAD As such, the Securities Regulation Code (SRC) requires that said offer and/or sale of securities must be duly registered with the Commission and that the concerned entity and/or its agents should have the appropriate registration and/or license to sell such securities to the public. Further, the Financial Products and Services Consumer Protection Act (FCPA) also prohibits investment fraud which is defined under the law as any form of deceptive solicitation of investments from the public which includes Ponzi schemes and such other schemes involving the promise or offer of profits or returns sourced from the investments or contributions made by the investors themselves and the offering or selling of investment schemes to the public without a license or permit from the SEC. Based on the Commission's database, QUICK4SPEED is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC) . In view thereof, the public is hereby advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by QUICK4SPEED , and its representatives . Those who act as salesmen, brokers, dealers or agents, representatives, promoters, recruiters, uplines, influencers, endorsers, abetters and enablers of QUICK4SPEED , in soliciting or convincing people to invest in the investment scheme being offered by the said entity including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 28 of the SRC and Section 11 of R.A. No. 11765 or the Financial Products and Services Consumer Protection Act (FCPA) and both penalized with separate 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) . SDHTEC Should you have any information regarding the operation of QUICK4SPEED , and its representatives, please send your report through email at [emailprotected] . For the information and guidance of the public. Makati City, June 19, 2023.