Global Finance Technology

June 15, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Commission has received information that a certain CIPRIANO S. BAYADOG III thru an entity named GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT) is soliciting investments from the public. Based on the reports, GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT) owned and operated by CIPRIANO S. BAYADOG III is enticing the public to invest their money for a supposed investment in Forex thru a so-called "Foreign Exchange Management Agreement" where CIPRIANO S. BAYADOG III , acting like a Fund Manager, will allegedly invest the money in Forex and promising investors a quarterly returns of (20% 1st Quarter), (30% 2nd Quarter), (35% 3rd Quarter) and (50% 4th Quarter) . Below is a screenshot copy of the Foreign Exchange Management Agreement by Global Finance Technology: Further, reports revealed that CIPRIANO S. BAYADOG III , as Fund Manager is being permitted by its members to engaged in trading using an account registered to the Fund Manager in cryptocurrency exchange (currencies) on a cash, spot, or forward basis on Binance platform and member/investors were promised to receive 1%, 1.4%, 1.6%, 1.8% or 2% return rate per day based on the principal capital which will be withdrawable when the minimum withdrawable amount of Php1,000.00 is reached. Below is a screenshot copy of the Global Finance Wallet Membership Terms and Conditions: It was further reported that GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT) is claiming and presenting that their company is SEC and DTI registered as a way of enticing the public to invest in the said entity, as shown below: The public is hereby informed that GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT) 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). Further, CIPRIANO S. BAYADOG III has not been issued a Certificate of Registration as Associated Person, Compliance Officer, Salesman and/or Certified Investment Solicitor of a Broker Dealer in Securities Investment, Investment House, Underwriter of Securities, Investment Company Adviser, and/or Mutual Fund Distributor under 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 GLOBAL FINANCE TECHNOLOGY/GLOBAL FINANCE TECHNOLOGIES (GFT) . 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. Pasay City, June 15, 2021.