Ecomm Shares

September 23, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on information gathered by the Commission, a number of individuals or group of persons claiming to represent ECOMM SHARES/E-COMM SHARES headed by its CEO and founder William Thomas are enticing the public to invest their money in said entity. As posted online, ECOMM SHARES/E-COMM SHARES is offering a 3% daily income to its investor by just logging to his/her account and clicking the SELL button for a total of 60 days . Further, it has a Direct Referral bonus which it calls Affiliate Rewards for its recruitment scheme. The public is hereby informed that ECOMM SHARES/E-COMM SHARES is not registered with the Commission either as a corporation or as a partnership. Consequently, ECOMM SHARES/E-COMM SHARES is not authorized to solicit investments from the public as it did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the Securities and Exchange Commission. Further, ECOMM SHARES/E-COMM SHARES is also NOT REGISTERED either as a crowdfunding intermediary or a funding portal under SEC Memorandum Circular No. 14, Series of 2019 or the Rules and Regulations Governing Crowdfunding . Those who act as salesmen, brokers, dealers or agents of the said entity in selling or convincing people to invest in the investment scheme being offered 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. In view thereof, the public is hereby 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 ECOMM SHARES/E-COMM SHARES 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 submit your report to the Enforcement and Investor Protection Department at [emailprotected] . For the guidance of the public. Pasay City, September 23, 2021.