Cash FX/Cash FX Group/CFX

April 27, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on information gathered by the Commission, individuals or groups of persons representing CASH FX/CASH FX GROUP/CFX are soliciting investment in the Philippines WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY from the Commission. Based on the aforementioned information and reports from the public, CASH FX/CASH FX GROUP/CFX's CEO is one HUASCAR LOPEZ , with principal office located at RBS Tower-Ave Balboa, Ramon H. Jurado St., 9th floor, Punta Paitilla, Panama . As posted on their Website, Facebook Page ( CFX GROUP PHILIPPINES and CFX FOREX TRADING ) and video uploaded in YouTube Channel, you can start a business by registering first, then you can choose from any of the three (3) plans or trading packs which are, ELEMENTAL PLANS ($300 up to $3,000.00), ADVANCE PLANS ( $5,000.00 up to $20,000.00 ), and SUPREME PLANS ( $30,000.00 up to $100,000.00 ) accordingly. CASH FX/CASH FX GROUP/CFX is supposedly offering seminars and tutorials on how to invest in the forex market or foreign exchanges. The investor or future investor will buy the said plans or trading packs. Thirty percent (30%) of the said plans will go to academy products/program and the remaining Seventy percent (70%) will go to the trade pool deposit. CASH FX/CASH FX GROUP/CFX will be the one to trade the Seventy Percent (70%) in the forex market or foreign exchanges. The investor can earn approximately more or less Php200.00-Php2,100.00 daily or up to Php4,000.00-Php42,000.00 monthly depending on what plan packages they get or purchased (ELEMENTAL PLANS) . An investor can also earn from 50% fast Start Bonus and 50% Uni-Level Bonus. The aforementioned investment scheme of CASH FX/CASH FX GROUP/CFX involves the offering and/or sale of securities in the form of an "investment contract" as defined under Section 3.1 of the Securities Regulation Code. The investor makes an investment of money in the minimum amount of Three Hundred Dollars ($300.00) or Fifteen Thousand Pesos (Php15,000.00) and a maximum of One Hundred Thousand Dollars ($100,000.00) or Five Million Pesos (Php5,000,000.00) in a common enterprise which is CASH FX/CASH FX GROUP/CFS and expects to earn profits primarily from the efforts of others. Considering that the scheme of CASH FX/CASH FX GROUP/CFX involves the offer and sale of securities, it is required to have a secondary license from the Commission pursuant to Sections 8 and 12 of the SRC. Based on records, these entities are NOT REGISTERED with the Commission and are NOT AUTHORIZED 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) in the Philippines. None of their agents, representative, and/or members have appropriate registration and/or license to offer or sell securities to the public as well. Foreign regulators have likewise issued warnings and investor alerts against CASH FX GROUP S.A./CASH FOREX GROUP/CASH FX/CFX such as the Financial Conduct Authority of UK (December 11, 2019), the Financial Supervisory Authority of Norway (September 4, 2020), Securities Commission of the Bahamas (December 2, 2020), Financial Markets Authority of New Zealand (April 9, 2021), Canadian regulators like the British Columbia Securities Commission (November 10, 2020), the Financial and Consumers Affairs Authority of Saskatchewan (January 27, 2021) and Autorit Des Marchs Financiers of Quebec and even the Superintendencia del Mercado Del Valores of Panama (September 1, 2020) where Cash FX supposedly originates from. Further, the scheme employed by CASH FX/CASH FX GROUP/CFX 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 to STOP INVESTING in the investment scheme being offered by CASH FX/CASH FX GROUP/CFX and its representatives . Those who act as salesmen, brokers, dealers, or agents in selling or convincing people to invest in the investment scheme being offered by CASH FX/CASH FX GROUP/CFX 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 CASH FX/CASH FX GROUP/CFX and its representatives, you are encouraged to send your report through email at [emailprotected] For the information and guidance of the public. Pasay City, April 27, 2021.