Commodore Agri-Ventures Holding Corp.
SEC-EIPD Advisory • Securities and Exchange Commission Departments • Enforcement and Investor Protection Department (EIPD) • May 28, 2020
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May 28, 2020 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Securities and Exchange Commission ("Commission") received information regarding the investment taking activities of COMMODORE AGRI-VENTURES HOLDING CORPORATION . COMMODORE AGRI-VENTURES HOLDING CORPORATION claims that it bought Sixty percent (60%) of the shares of Requiza Poultry and RQZ Mining to continue and expand the latter ' s business. Based on the information gathered by the Commission, COMMODORE AGRI-VENTURES HOLDING CORPORATION entices the public to invest in the company by allegedly making them "shareholders." COMMODORE AGRI-VENTURES HOLDING CORPORATION offers one share in the amount of THREE THOUSAND FIVE HUNDRED PESOS (PhP3,500.00) . It promises to pay ten percent (10%) of the share(s) as pay-out in a span of one to two weeks. The investment offer of the company is illustrated below: Further, COMMODORE AGRI-VENTURES HOLDING CORPORATION has a "Referral Program" where if you invited a person to invest in the company, you will get ten percent (10%) of the amount of your referral's purchase. In addition, you will get one percent (1%) bonus from the invites of your referral. The public is hereby informed that COMMODORE AGRI-VENTURES HOLDING CORPORATION is a registered corporation. However, the Commission did not issue a secondary license to COMMODORE AGRI-VENTURES HOLDING CORPORATION . Therefore, it is not authorized to offer, solicit, sell or distribute any investment/securities to the public as such activities require a Secondary License from the Commission. Those who act as salesmen, brokers, dealers or agents of COMMODORE AGRI-VENTURES HOLDING CORPORATION in selling or convincing people to invest in the scheme being offered by said entity including solicitations and recruitment may be prosecuted and be held liable under Section 28 of the SRC. If adjudged guilty, they can be penalized with a maximum fine of Five Million Pesos (PhP5,000,000.00) or penalty of Twenty-One years of 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 WHEREOF , the Public is hereby advised to exercise caution in dealing with COMMODORE AGRI-VENTURES HOLDING CORPORATION or persons purporting to be its representatives. Should you have any information regarding any investment solicitation by any individuals or group of individuals on behalf of COMMODORE AGRI-VENTURES HOLDING CORPORATION , please send your report to the ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT (EIPD) at [emailprotected] . For the guidance of the public. Pasay City, May 28, 2020.
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