Olympro Stocktrading Web Content Publishing
SEC-EIPD Advisory • Securities and Exchange Commission Departments • Enforcement and Investor Protection Department (EIPD) • Oct 20, 2020
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October 20, 2020 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on the information gathered by the Commission, a number of individuals or group of persons claiming to represent OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING (OLYMPRO) , headed by CHRISTIAN MARK LACSON PEREDO , are enticing the public to invest their money in said entity. HTcADC As posted in their website, (http://www.olympro.org/) OLYMPRO is a private platform promising 20% interest in just 8 days . However, reports from the public that said website as well as Christian Mark Pedero's Facebook page along with all associated Facebook accounts of his admins/staff and the Olympro Facebook group were taken down on 1 October 2020. ABOUT OUR BEGINNINGS WERE HUMBLE OLYMPRO is a private platform where it gives 20% interest in just eight days. We have 3 ways to earn here: 1. Maturity Income Where your investment will earn 20% interest in just eight days. 2. Direct Referral Commission If you have an invite you will receive 5% commission on the total of his/her investment. 3. Leadership bonus If you qualify as a leader you can receive a daily salary. 4. Cash and Gadget incentives For all those who invested in one week will definitely be included in the raffle draw that can win CASH or GADGETS . The platform gathers potential investors willing to invest a minimum of Php200.00 to a maximum of Php100,000.00 with a 5% commission from invites who invested at Olympro. CAIHTE HOW MUCH IS THE SMALLEST INVESTMENT IN OLYMPRO? 200 pesos is the smallest investment. HOW MUCH IS THE BIGGEST INVESTMENT IN OLYMPRO? 100,000 pesos is the biggest investment. Compensation Plans (ComPlan) are (1) Beginner Plan guarantees a 20% return of investment on an 8-day timeframe ; (2) Pro Trader which grants a 50% return of investment for a 15-day timeframe ; and (3) VIP Trader 100% return of investment for a 30-day timeframe and a monthly profit share . Based on accounts of investors, OLYMPRO's website as well as Christian Mark Pedero's personal Facebook page and associated pages were inexplicably taken down on 1 October 2020 and that Mr. Pedero can no longer be contacted. As the above-described schemes involved the offer for public sale of securities, the Securities Regulation Code (SRC) requires that these securities are duly registered and that the concerned corporation and/or its agents have appropriate registration and/or license to sell such securities to the public pursuant to Sections 8.1 and 28.1 of the SRC. The records of the Commission show that OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING is not registered with the Commission either as a corporation or as a partnership. However, OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING has been issued a Certificate of Business Name Registration on 23 August 2020 by the Department of Trade and Industry with Business Name No. 2102561 under its owner CHRISTIAN MARK LACSON PEREDO . Nonetheless, OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING 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 Section 8.1 of the SRC. Likewise, CHRISTIAN MARK LACSON PEREDO is not a registered or licensed capital market professional such as a broker in securities or a salesman, trader or associated person thereof under Section 28.1 of the SRC and is also not authorized to solicit investments from the public . Further, OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING is also NOT REGISTERED either as a crowdfunding intermediary or a funding portal under SEC Memorandum Circular No. 14, Series of 2019 or the Rules and Regulations Governing Crowdfunding . Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such for OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING in selling or convincing people to invest in the investment scheme being offered by said entity including solicitations and recruitment through the internet may be prosecuted and held criminally liable under Section 28.1 of the SRC and penalized with a maximum fine of Five Million pesos (P5,000,000.00) or penalty of Twenty-one (21) 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). The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individuals or group of persons allegedly for or on behalf of OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING and CHRISTIAN MARK LACSON PEREDO and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of them. DETACa Should you have any information regarding the operation of OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING and CHRISTIAN MARK LACSON PEREDO or any securities solicitation activities by any individuals or group of individuals representing them, please send your report to the Enforcement and Investor Protection Department at [emailprotected] . For the guidance of the public. Pasay City, October 20, 2020.
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