Infinity PayB/PayB Bills Payment and Remittance Center

April 29, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Commission has received numerous reports regarding the activities of an entity named INFINITY PAYB/PAYB BILLS PAYMENT AND REMITTANCE CENTER owned and operated by ANGEL TAMBOR DOINOG, JR. , which is engaged in investment-taking activities. INFINITY PAYB/PAYB BILLS PAYMENT AND REMITTANCE CENTER is offering several packages with 60% guaranteed Return of Investment (ROI) in 15 days . Further, the company purports to be in partnership with the following companies by giving discounts on bills: (1) Cignal; (2) Globe; (3) Philippine Airlines; (4) Smart; (5) Converge; (6) Easytrip; (7) Sweep RFID; (8) Sky; (9) PLDT; (10) Sun Cellular; (11) Meralco; and (12) Cebu Pacific. As the above described scheme involves the sale of securities to the public, the Securities Regulation Code (SRC)requires that these securities are duly registered and that the concerned entities and/or its agents have appropriate registration and/or license to sell such securities to the public pursuant to Sections 8 and 28 of the SRC. The records of the Commission show that INFINITY PAYB/PAYB BILLS PAYMENT AND REMITTANCE CENTER is not registered with the Commission either as a corporation or as a partnership. However, PAYB BILLS PAYMENT AND REMITTANCE CENTER has been issued a Certificate of Business Name Registration on 16 February 2021 by the Department of Trade and Industry with Business Name No. 2660201 under the name of its owner, ANGEL TAMBOR DOINOG, JR. with a limited business scope confined to Bacoor City, Cavite. Nonetheless, INFINITY PAYB/PAYB BILLS PAYMENT AND REMITTANCE CENTER 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 Sections 8 and 28 of the SRC. Those who act as salesmen, brokers, dealers or agents of INFINITY PAYB/PAYB BILLS PAYMENT AND REMITTANCE CENTER in selling and convincing people to invest in the investment scheme being offered by the said entity including doing solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of FIVE MILLION PESOS (Php5,000,000.00) or a maximum penalty of TWENTY-ONE (21) years 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). In view thereof, the public is hereby advised to exercise self-restraint from investing their hard earned money into such high-yield, high-risk investment scheme and to take the necessary precaution in dealing with individuals representing the above-named entity. Should you have any information regarding the operation of the subject entity, you may contact our Enforcement and Investor Protection Department (EIPD) at telephone numbers (02) 818-6337 or (02) 818-5476 or thru [emailprotected] . For the guidance of the public. Pasay City, April 29, 2021.