ASJ Forex Global Limited

August 23, 2022 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on information gathered by the Commission, individuals or group of persons claiming to represent ASJ FOREX GLOBAL LIMITED is enticing the public to invest their money in said entity. As posted online, ASJ Forex Global claims that it was founded in 2009 and allegedly became one of the leading online brokers, offering Forex Exchange and Contracts for Difference (CFDs) on over 40 trading goods, to more than 5,000,000 clients in nearly 190 countries worldwide. It further claims that with more than 2,400,000 trading volume, it has been repeatedly ranked among the top forex brokers in the industry. It provides traders with free educational resources, exclusive trading tools and 24/7 customer support. ASJ FOREX GLOBAL LIMITED , is offering investments to the public with a minimum amount of Thirty Dollars ($30) which shall earn 8% up to 20% daily of trade amount. The investor can also earn from referral commission from 4%, 8% and 16% . Individuals can invest through MetaTrader 5 Platform. The above described scheme involve the offer and sale 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 Section 8 of the SRC. Records of the Commission show that ASJ FOREX GLOBAL LIMITED is not registered with the Commission either as a corporation or 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. Moreover, the Commission does not allow the registration of Foreign Exchange (FOREX) in the nature of Commodity/Financial Futures Contract, Contracts for Difference (CFDs) and other similar highly-volatile and risky derivatives nor their merchants/brokers, as the public trading thereof and pertinent rules governing these securities, remain suspended pursuant to Rule 11 of the 2015 Implementing Rules and Regulations (IRR) of the SRC. In other words, since the Commission has not yet registered a commodity futures exchange, it follows that no commodity futures merchant/broker shall likewise be registered and allowed to solicit investments in commodity futures contracts, otherwise known as leveraged foreign currency contracts or margin trading. It is to be noted that the Commission also previously issued on 27 July 2018, an Advisory regarding FREE TRAINING SEMINARS PROMOTING FOREIGN-REGISTERED ELECTRONIC TRADING PLATFORMS wittingly used a front of illegal offering and/or selling of unregistered securities with the prospect of learning successful strategies in investing and profiting from the above-stated securities using various electronic investment platforms. These electronic platforms are allegedly foreign-registered and are accessible anywhere in the Philippines through the internet. In view thereof, the public is hereby advised to exercise caution in dealing with any individuals or group of persons offering and selling securities for on behalf of ASJ FOREX GLOBAL LIMITED . The public is further advised NOT TO INVEST or STOP INVESTING in the securities being offered by the subject entity or their representatives. Further, those who invite or recruit others to join or invest in such venture of or offer securities to the public may occur 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). Should you have any information regarding the operation of ASJ FOREX GLOBAL LIMITED or any securities solicitation activity by any individual or group of individuals representing ASJ FOREX GLOBAL LIMITED , please send your report to the Enforcement and Investor Protection Department at [emailprotected] For the information and guidance of the public. Makati City, August 23, 2022.