CGI

February 15, 2024 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY This Advisory is prompted by inquiries, reports and information received by the Commission that individuals or group of persons representing an entity named CGI/CGI TRADING/CGI TRADING COMPANY/CGI PHILIPPINES are enticing the public through its social media platform such as Telegram App, to invest their money in the said entity with a promise of high monetary rewards or profits. HTcADC The fake CGI as represented by persons involved in this scheme, is not in any way related to or connected with CGI, INC. and any of its subsidiaries and affiliates (including the SEC registered CGI (PHILIPPINES), INC.). CGI, INC. is a Canadian multinational consulting and software development company whose shares are listed and traded at the Toronto Stock Exchange and New York Stock Exchange. The public is advised to read our Advisory on Impersonation Scams of the existence of entities posing or impersonating legitimate or reputable institutions and scamming the public. Reports revealed that there are two (2) ways of earning in the bogus CGI/CGI TRADING/CGI TRADING COMPANY/CGI PHILIPPINES . First, by trading every night between 8:00pm-10:00pm through this link https://cgi888.com/register?invite=286462 and Telegram Channel which can be found at https://t.me/CGI_VIP , for a minimum amount of Php400.00 with a promise of 6% profit per trade. Second, by invitation for a promise of receiving a daily salary, to wit: In its Facebook Page, CGI TRADING is inviting the public to register to its platform which can be found at, https://bbs3650.com/register?invite=669806 and to trade between 20:00-20:10 for a minimum amount of Php400.00 for a promise of 6% profit as shown below: CAIHTE CGI Philippines, Inc. (CGI) has issued a disclaimer informing the public of their company's non-involvement to certain Facebook page and Telegram Account that uses CGI Philippines, Inc. (CGI) name, logo and brand credentials for investment and trade, to wit: Per initial verification from the Commission's Database, CGI/CGI TRADING/CGI TRADING COMPANY/CGI PHILIPPINES are not registered as a corporation or partnership. Consequently, CGI/CGI TRADING/CGI TRADING COMPANY/CGI PHILIPPINES also does not have a secondary license or authority to solicit investments or offer securities as only registered corporations can apply for and be issued a secondary license by the Commission. aScITE Apparently, the abovementioned entities are impersonating CGI Philippines, Inc. (CGI) , a domestic corporation duly registered with the Commission. Republic Act No. 11765 otherwise known as the Financial Products and Services Consumer Protection Act (FCPA) also prohibits investment fraud which is defined under the law as any form of deceptive solicitation of investments from the public which includes Ponzi Schemes and such other schemes involving the promise or offer of profits or returns sourced from the investments or contribution made by the investors themselves and the offering or selling of investment schemes to the public without a license or permit from the SEC. In view thereof, the public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of CGI/CGI TRADING/CGI TRADING COMPANY/CGI PHILIPPINES . The public is further advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by the subject entities or its representatives. Those who act as salesmen, brokers, dealers or agents, representatives, promoters, recruiters, uplines, influencers, endorsers, abetters and enablers of CGI/CGI TRADING/CGI TRADING COMPANY/CGI PHILIPPINES soliciting or convincing people to invest in the investment scheme being offered by the said entities including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 11 of the FCPA and 28 of the SRC where both are penalized separately 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) . DETACa 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 the subject entity, you may send your reports to the Enforcement and Investor Protection Department (EIPD) at email at [emailprotected] or you may visit the EIPD at the 9/F, The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Brgy. Bel-Air, Makati City. For the information and guidance of the public. Makati City, February 15, 2024.