Mega Ultra Cash Trading

February 21, 2023 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on the reports and information gathered by the Commission, individuals or group of persons claiming to represent MEGA ULTRA CASH TRADING are enticing the public to invest in said entity. As posted online, MEGA ULTRA CASH TRADING is offering two (2) types of investments to the public , ranging from a minimal amount of PHP500 up to PHP100,000 per account with earnings as much as 3% daily for 20 days . Also, for the PHP10,000 package, the investor shall receive a set of Beauty Products as freebies. Furthermore, Team leaders are awarded with Direct Referral Bonuses amounting to 2% for the first level, 2% for the second level and 1% on the third level. Interested individuals may sign up at their website http://megaultracashtrading.online/ and choose their preferred plan and make an investment. In this regard, the public is made aware that an "investment contract" exists when there is an investment or placement of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others which is prominent in the scheme of MEGA ULTRA CASH TRADING . 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, MEGA ULTRA CASH TRADING is registered NOT REGISTERED n with the Commission either as a corporation or a partnership. Furthermore, MEGA ULTRA CASH TRADING 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. Further, the scheme employed by MEGA ULTRA CASH TRADING has the characteristics of a "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 MEGA ULTRA CASH TRADING , and its representatives . Those who act as salesmen, brokers, dealers, agents, representatives, solicitors, promoters, recruiters, uplines, influencers, endorsers, abetters, and enablers of MEGA ULTRA CASH TRADING , 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) . Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed. Should you have any information regarding the operation of MEGA ULTRA CASH TRADING , and its representatives, please send your report through email at [emailprotected] . For the information and guidance of the public. Makati City, February 21, 2023. n Note from the Publisher: Copied verbatim from official document.