Asian Precious Metals, Inc.
SEC Advisory • Securities and Exchange Commission • Advisories • Apr 30, 2014
Full text
April 30, 2014 SEC ADVISORY ASIAN PRECIOUS METALS, INC. (SEC Reg. No. A200018057) ("APMI") ADVANCED RECOVERY SYSTEM, INC. (SEC Reg. No. A200018043) ("ARSI") This advisory is prompted by a recent publication in the website http://ventures7000.com/company of an investment scheme of ARSI, APMI, Wycliff Trust and Ventures 7000.com, wherein the profits derived from recovery of hidden treasures are promised to investors. The same corporations were reportedly engaged in the solicitation of investments using documents entitled Revenue Sharing Agreement with supporting Promissory Note in the United States of America. Notably, the Corporate Governance and Finance Department and the Markets and Securities Regulation Department of the Commission have issued certifications dated 23 January 2014 and 15 April 2014, respectively, stating that the said corporations are not registered issuers of securities under Sec. 8 and 12 of the Securities Regulation Code and are, therefore, not authorized to offer or sell securities to the public. Further, EIPD obtained a certification from the National Museum dated 28 March 2014, stating that ARSI "filed an application for treasure-hunting permit before the National Museum-Cultural Properties Division on March 24, 2011 but no treasure-hunting permit was, however, issued in their favor due to the pendency of effectivity, at that time, of the Implementing Rules and Regulations of R.A. No. 10066, otherwise known as the National Cultural Heritage Act of 2009." Up to the date of the certification, the said corporation filed no further request nor application before the National Museum. (Emphasis supplied) For the guidance of the public, prior registration with the SEC of investments and of the offerors and sellers of these investments is required under the Securities Regulation Code.
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