Premium Business

May 18, 2021 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 PREMIUM BUSINESS (known in social media as "PREMIUM BIZ PH" ), headed by Ronald De Leon , are enticing the public to invest their money in said entity. As posted online, PREMIUM BIZ PH is offering its program with just a ONE-TIME PAYMENT of either: Php1,000.00 for Associate; Php2,500.00 for Supervisor; Php5,000.00 for Manager; Php10,000.00 for Director; and Php50,000.00 for Executive Package where a member-investor is only required to do five (5) captcha typing job per day and consequently be entitled to an UNLIMITED FORTY PERCENT (40%) EARNINGS per month . Further, additional earnings are in store: 1. Direct Referral where a referror shall earn 10% of the availed package of his/her recruit; and 2. Pass-Up Bonus where an upline shall earn equivalent to 50% and 10% of his/her first and 2nd level downline's earnings, respectively, from their earnings in captcha typing. Further, would-be member-investor needs to deposit to the company's so-called "Modes of Payment." To date, here are the authorized persons engaged by PREMIUM BIZ PH to accept payment: As the aforementioned scheme involve the sale of securities to the public, 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 Section 8 of the SRC. Per records of the Commission, PREMIUM BUSINESS or PREMIUM BIZ PH is NOT registered either as a corporation or a partnership . Having no primary registration/corporate franchise, with more reason that it is NOT AUTHORIZED to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the SRC. Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such for PREMIUM BUSINESS or PREMIUM BIZ PH such as Ronald de Leon, Jerry D. Manabat, Gladys Violago, Kentclay Morales, Daisy Lazy Aureada, Jovan S. Derecho, Thea Pauline Eve R. Salva, Catherine T. Hape and Sunshine Grace F. Mission 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 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 individual or group of persons allegedly for or on behalf of PREMIUM BUSINESS or PREMIUM BIZ PH and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers (02) 8818-6047 or send your report to the EIPD at [emailprotected] . For the guidance of the public. Pasay City, May 18, 2021.