Marsgas Petrochemical Products Trading

July 21, 2022 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Commission has received information that an individual or group of persons representing an entity named MARSGAS PETROCHEMICAL PRODUCTS TRADING/MARSGAS/MARS-GAS.COM are enticing the public to invest their money in the said entity with the promise of high monetary rewards or profits. Information gathered from the Facebook (FB) Page of MARSGAS PETROCHEMICAL PRODUCTS TRADING INTERNATIONAL shows that the said entity has been inviting the public to invest for a promise of receiving 10% daily profits for 20 days . Further, in the same Facebook Page, MARSGAS PETROCHEMICAL PRODUCTS TRADING INTERNATIONAL posted and introduced the Marsgas Oil depot's "Ways to Earn" and Compensation Plan. Below are screenshots of the said FB posts: An online search likewise shows that Facebook posts of MARSGAS PETROCHEMICAL PRODUCTS TRADING INTERNATIONAL include posting of DTI Certificate of Business Registration of Marsgas Petrochemical Products Trading and an alleged ESSO MOBIL Certificate of Recognition issued to MARS PETROCHEM PVT LTD., as a way of enticing the public to invest in the said entity, as shown below: The public is hereby informed that MARSGAS PETROCHEMICAL PRODUCTS TRADING/MARSGAS/MARS-GAS.COM is not registered with the Commission and is not authorized to solicit investments from the public, not having secured prior registration and/or license to sell securities or solicit investments as prescribed under Section 8 of the Securities Regulation Code (SRC). Those who act as salesmen, brokers, dealers or agents of the said entity in selling or convincing people to invest in the investment scheme it is 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 to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of MARSGAS PETROCHEMICAL PRODUCTS TRADING/MARSGAS/MARS-GAS.COM. The public is further advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by the subject entity or its representatives. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department (EIPD) at telephone number 8818-6047 or email at [emailprotected] or visit the EIPD at Ground Floor, North Wing Hall, Secretariat Building, PICC Complex, Pasay City. For the guidance of the public. Makati City, July 21, 2022.