Global Fortune Trade

June 29, 2023 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY This is to inform the public that GLOBAL FORTUNE TRADE is NOT AUTHORIZED TO SOLICIT INVESTMENTS FROM THE PUBLIC. HTcADC This ADVISORY is prompted by reports and information gathered by the Commission that individuals or group of persons headed by BRENNAN VELOSO JOVES are enticing the public, through social media platform to invest in GLOBAL FORTUNE TRADE . As posted online, an investor can invest in GLOBAL FORTUNE TRADE by registering first at https://trade.gofortuneplay.com/ then he/she can choose from any of their five (5) investment plans. GLOBAL FORTUNE TRADE is offering investments to the public with a minimal amount of Php500.00 up to Php5,000,000.00 . Investors may earn 10% monthly or 140% up to 200% lock-in period for one (1) year respectively. The investor can also earn 5% direct referral. GLOBAL FORTUNE TRADE allegedly earns through trading such as forex and crypto trading. Based on the information gathered by the Commission they are expanding their business as casino junket operators. In this regard, the public is made aware that an "investment contract" which is a kind of security, exists when there is an investment or placement of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others which is prominent in the scheme of GLOBAL FORTUNE TRADE . CAIHTE As such, the Securities Regulation Code (SRC) requires that said offer and/or sale of securities must be duly registered with the Commission and that the concerned entity and/or its agents should have the appropriate registration and/or license to sell such securities to the public. Further, the Financial Products and Services Consumer Protection Act (FCPA) also prohibits investment fraud which is defined under the law as any form of deceptive solicitation of investments from the public which includes Ponzi schemes and such other schemes involving the promise or offer of profits or returns sourced from the investments or contributions made by the investors themselves and the offering or selling of investment schemes to the public without a license or permit from the SEC. Based on the Commission's database, GLOBAL FORTUNE TRADE , is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC) . Further, the scheme employed by GLOBAL FORTUNE TRADE has the characteristics of a "Ponzi Scheme" where money from new investors are used in paying "fake profits" to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors. The offering and selling of securities in the form of investment contracts using the "Ponzi Scheme" which is fraudulent and unsustainable, is NOT a registrable security. The Commission will not issue a License to Sell Securities to the Public to persons or entities that are engaged in this business or scheme. In view thereof, the public is hereby advised NOT TO INVEST or to STOP INVESTING in the investment scheme being offered by GLOBAL FORTUNE TRADE vis--vis BRENNAN VELOSO JOVES as well as to any other entities having the same or similar schemes and to exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and on behalf of GLOBAL FORTUNE TRADE vis--vis BRENNAN VELOSO JOVES . Those who act as salesmen, brokers, dealers or agents, representatives, promoters, uplines, recruiters, influencers, endorsers and enablers of GLOBAL FORTUNE TRADE vis--vis BRENNAN VELOSO JOVES , in selling or convincing people to invest in the investment scheme being offered by the said entity including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 11 of the Financial Products and Services Consumer Protection Act (FCPA) and Section 28 of the SRC and for the two offenses, both penalized with separate 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) . aScITE 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. Should you have any information regarding any investment solicitation by any individual or group of individuals on behalf of GLOBAL FORTUNE TRADE vis--vis BRENNAN VELOSO JOVES , please send your report through email at [emailprotected] . For the information and guidance of the public. Makati City, June 29, 2023.