Big Boss Marketing
SEC-EIPD Advisory • Securities and Exchange Commission Departments • Enforcement and Investor Protection Department (EIPD) • Oct 5, 2021
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October 5, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY This ADVISORY is prompted by reports and information gathered by the Commission that individuals or group of persons representing BIG BOSS MARKETING which is owned/operated by a certain "SONNY GALVEZ QUETO" and with Facebook admin "BHEVS SANCHES" is enticing the public to invest in said entity. BIG BOSS MARKETING , is enticing the public to invest in the said entity with a promise of a 100% or double-your-money in just 25 days . An investor can also earn 10% from direct referral commission or 1% indirect referral commission up to the 10th level and monthly profit sharing bonus. The scheme of BIG BOSS MARKETING is an offering and sale of securities in the form of investment contracts to the public because its investors need not exert any effort other than to invest or place monies in its operation in order to derive income therefrom. As such, the Securities Regulation Code (SRC) requires that said offer and 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. Based on the Commission's database, BIG BOSS MARKETING 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) . Further, the scheme employed by BIG BOSS MARKETING shows indication of a possible "Ponzi Scheme" where monies from new investors are used in paying "fake profits" to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors. The offering and selling of securities in the form of investment contracts using the "Ponzi Scheme" which is fraudulent and unsustainable, is NOT a registrable security. The Commission will not issue a License to Sell Securities to the Public to persons or entities that are engaged in this business or scheme. In view thereof, the public is hereby advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by BIG BOSS MARKETING and its representatives . Those who act as salesmen, brokers, dealers or agents of BIG BOSS MARKETING in selling 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 penalized with a 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) . Should you have any information regarding the operation of BIG BOSS MARKETING and its representatives, please send your report through email at [emailprotected] . For the information and guidance of the public. Pasay City, October 5, 2021.
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