Every Supermarket
SEC-EIPD Advisory • Securities and Exchange Commission Departments • Enforcement and Investor Protection Department (EIPD) • Aug 19, 2021
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August 19, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Securities and Exchange Commission ("Commission") has received information that individuals or group of persons representing EVERY SUPERMARKET have been soliciting investments from the public. Based on information gathered by the Commission, EVERY SUPERMARKET appears to be the "supermarket brand" of TINDAHAN EXPRESS, INC. and promoted and marketed by MP SALES, INC. Its Founder and CEO/President is RAYMOND P. PINEDA a.k.a. "MON PINEDA." EVERY SUPERMARKET offers two (2) programs: Under this program, the applicant may invest THREE HUNDRED SEVENTY EIGHT THOUSAND PESOS or FIVE HUNDRED FIFTY THOUSAND PESOS , depending on the selected plan, projecting an earning opportunity with a "conservative" return of income ranging from "10% to 20% earnings per year." It shows as its project an ongoing construction of EVERY SUPERMARKET in LIPA BRANCH. To join, prospective clients are required to attend a Business Partnership Seminar, submit a duly-filled out Application Form and pay the 6% Admin Fee either thru cash, check, bank deposit and online fund transfer. According to EVERY SUPERMARKET , the earnings or profits shall be generated from the sale of goods, lease from concessionaires, listing fee and display allowance in the store. The public is hereby warned that such investment scheme are considered as securities subject to the regulatory authority of this Commission. The offering and selling of securities to the public without a permit or license is a violation of Section 8.1. of the Securities Regulation Code. Please be informed that EVERY SUPERMARKET is not registered with the Commission while TINDAHAN XPRESS, INC. was registered as a corporation on 26 July 2019 under SEC Registration No. CS201912476 and MP.SALES, INC. was registered as a corporation on 25 March 2019 under SEC Registration No. CS201951292 . However, such registrations merely grant juridical personality to the corporations but does not authorize them to issue sell or offer for sale securities to the public nor undertake business activities requiring secondary license from the Commission. EVERY SUPERMARKET, TINDAHAN XPRESS, INC., MP.SALES, INC. are not authorized to solicit investments from the public as they did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the Securities Regulation Code. Accordingly, those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally liable under Section 28 of the SRC penalized with a maximum fine of Five Million Pesos (P5,000,000.00) 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). In view thereof, the public is hereby advised to exercise caution before investing in these kinds of activities and to take the necessary precautions in dealing with EVERY SUPERMARKET, TINDAHAN XPRESS, INC. and MP.SALES, INC. and their representatives. In view thereof, the public is further advised NOT TO INVEST or TO STOP INVESTING in any investment scheme being offered by aforesaid entities/individuals. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone number 8818-6047 or send your report to the EIPD at [emailprotected] . For the guidance of the public. Pasay City, August 19, 2021.
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