Triple G Business Consultancy Services OPC

September 7, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on the information gathered by the Commission, a number of individuals or group of persons claiming to represent TRIPLE G BUSINESS CONSULTANCY SERVICES OPC headed by its CEO, Founder, and President Gerald Gervacio Guevarra are enticing the public to invest their money in said entity. As posted online, TRIPLE G BUSINESS CONSULTANCY SERVICES OPC is offering the following Plan where an investor shall earn: 100% in just 30 days for Plan A (for investment below Php100,000.00); 240% in just 30 days for Plan B; and 350% in just 45 days for Plan C (both for investment amounting to at least Php100,000.00). Moreover, it is offering Leadership Bonus and Direct Referrals for its recruitment scheme. Accordingly, Gerald Gervacio Guevarra , through his company, shall use the investors' money to trade in a highly-volatile asset class of cryptocurrency from which the supposed guaranteed income shall be derived. While TRIPLE G BUSINESS CONSULTANCY SERVICES OPC (with Facebook account " TRIPLEG " and website " WWW.TRIPLEGTRADING.COM ") was able to register with this Commission on 11 June 2021 under Company Reg. No. 2021060016324-02, it is worth emphasizing that its registered purpose is: "To engage in the business of providing consultancy services, technical advice to individuals, partnerships, corporations, associations and other assets for commercial, industrial or reorganization of business enterprises for both local and foreign organization; conduct research, feasibility studies, surveys internationally for purposes of identifying prospective opportunities and carry through all stages of development and other productive enterprises, ventures or projects and in the process provide information on the economic trends and market development, except to act as financial and investment houses advisor . Provided that the corporation shall not solicit accept or take investments/placements from the public neither shall it issue investment contracts ." (bold underscoring for emphasis) Further, its Certificate of Incorporation explicitly highlighted: Clearly, the issuance of a Certificate of Incorporation only grants the said entity juridical personality but does not constitute an authority or license for the corporation to engage in activities such as solicitation of investments, issuance of investments contracts, offering and sale of investment contracts that require a secondary license . The above described schemes involved the 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. To reiterate, while TRIPLE G BUSINESS CONSULTANCY SERVICES OPC is registered as a One-Person Corporation with this Commission, HOWEVER , 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 Securities Regulation Code. Similarly, TRIPLE G BUSINESS CONSULTANCY SERVICES OPC is not a registered Virtual Asset Service Provider (VASP) with the Bangko Sentral ng Pilipinas and does not have a corresponding Certificate of Authority as a Money Service Business as required under Circular No. 1108, series of 2021 or the Guidelines for Virtual Asset Service Providers . Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such for TRIPLE G BUSINESS CONSULTANCY SERVICES OPC in selling or convincing people to invest in the investment scheme being offered by said entity including solicitations and recruitment through the internet may be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or penalty of Twenty-one (21) years of imprisonment or both pursuant to Section 73 of the SRC. Also, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur 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). The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of TRIPLE G BUSINESS CONSULTANCY SERVICES OPC and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone number (02) 8818-6047 or send your report to the EIPD at [emailprotected] . For the guidance of the public. Pasay City, September 7, 2021.