Foreign Currency Trading and Commodities Futures Contracts of Metisetrade, Inc.
SEC Advisory • Securities and Exchange Commission • Advisories • Jun 9, 2015
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June 9, 2015 SEC ADVISORY FOREIGN CURRENCY TRADING AND COMMODITIES FUTURES CONTRACTS OF METISETRADE, INC. The Securities and Exchange Commission hereby advises the public against the illegal offering, solicitation and selling by METISETRADE, INC. of unregistered securities in the form of Foreign Currency Trading and Commodities Futures Contracts, also called Contracts for Difference. The Commission, in the performance of its mandate to protect the investing public, has issued a Cease and Desist Order (CDO) on 14 May 2015, directing METISETRADE, INC. and its officers, directors, agents, representatives, conduits, assigns and any and all persons claiming and acting for and in behalf and under its authority to IMMEDIATELY CEASE AND DESIST from engaging in activities/operations, selling/offering of its products which it refers to as foreign currency trading contracts and contracts for difference on high value commodities or any other of the same nature, traded on its platform METATRADER 5 and the like. However, after the issuance of the CDO, the Commission obtained evidence that METISETRADE, INC. continues to engage in the enjoined activities despite its failure to file the necessary action to lift the CDO. Hence, this advisory. For the full text of the CDO, please click the link below: http://www.sec.gov.ph/notices/order/cease_desist.html.
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