Bitrade/Bitrade Administration of Financial Marketing

October 5, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Securities and Exchange Commission has received information that BITRADE/BITRADE ADMINISTRATION OF FINANCIAL MARKETING through its CEO DARYL FAJARDO LERIDA is soliciting investments from the public. Based on information gathered by the Commission, BITRADE offers online the following income opportunity: As shown above BITRADE/BITRADE ADMINISTRATION OF FINANCIAL MARKETING offers 50% profit within 15 days with a minimum investment of Php1,000.00 with no maximum investment limit. Allegedly, the earnings will be generated from trading in the crypto-currency markets by BITRADE through its self-proclaimed CEO DARYL LERIDA . Further, BITRADE is offering a direct referral bonus of 5% and indirect referral bonus of 1%: The public is hereby warned that such investment schemes are considered as securities in the form of investment contracts subject to the regulatory authority of this Commission. The offering of securities to the public without a permit or license is a violation of Section 8.1 of the Securities Regulation Code. BITRADE/BITRADE ADMINISTRATION OF FINANCIAL MARKETING is not registered with the Commission as a corporation or partnership. However, BITRADE ADMINISTRATION OF FINANCIAL MARKETING has been granted a Certificate of Business Name Registration by the Department of Trade and Industry on 24 August 2021 with Business Name No. 3139448 under its owner DARYL FAJARDO LERIDA . Nonetheless, BITRADE/BITRADE ADMINISTRATION OF FINANCIAL MARKETING is not authorized to solicit investments from the public as above-mentioned entity did not secure prior registration and/or license to solicit investments as prescribed under Section 8 of the Securities Regulation Code. Accordingly, those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally liable or accordingly sanctioned or penalized in accordance with the Supreme Court decision in the case of SEC vs. Oudine Santos (G.R. No. 195542, March 19, 2014). In view thereof, the public is hereby advised to exercise caution before investing in these kinds of activities and to take the necessary precautions in dealing with BITRADE/BITRADE ADMINISTRATION OF FINANCIAL MARKETING or its representatives. The Commission urges anyone who has knowledge or information about any business transactions involving these securities or investment opportunities to report such activities so that appropriate actions could be taken through the email of the Enforcement and Investor Protection Department at [emailprotected] . For the guidance of the public. Pasay City, October 5, 2021.