NOTICE TO ALL FILIPINOS
SEC ADVISORY AGAINST INVESTMENT ACTIVITIES OF ALMASAI FINANCE AND INVESTMENT/ALMASAI EQUITY HOLDINGS CORP.
The Philippine Consulate General in Chongqing informs the Filipino communities in Chongqing Municipality, Yunnan, Guizhou and Sichuan Provinces that the Security and Exchange Commission (SEC) issued an advisory against investing on ALMASAI FINANCE AND INVESTMENT/ALMASAI EQUITY HOLDINGS CORP.
ALMASAI FINANCE AND INVESTMENT is not an SEC-registered entity as a corporation or as a partnership and was not also issued a secondary license as a broker and/or dealer of securities, dealer in government securities, investment adviser of an investment company, investment house and transfer agent. It has not filed nor has any pending application for primary and secondary licenses with the Commission.
ALMASAI EQUITY HOLDINGS CORP., despite having been registered with the SEC as a corporation, is not authorized to solicit investments from the public as said entity has not secured the necessary secondary license or permit from the SEC as required under Sections 8 and 12 of the Securities Regulation Code (SRC). It is also engaged in ultra vires act for doing business not in accordance with its purpose of incorporation, which constitute serious misrepresentation as contemplated under Presidential Decree 902-A.
Those who act as salesman, brokers, dealers or agents of ALMASAI FINANCE AND INVESTMENT/ALMASAI EQUITY HOLDINGS CORP. in selling or convincing people to invest in the investment scheme being offered by the above-mentioned entities, including solicitations or recruitment through the internet, may likewise be prosecuted and held criminally liable under Section 18 of SRC and pay a maximum penalty of Php 5,000,000 or 21 years imprisonment or both pursuant to Section 73 of the SRC.
SEC urges anyone who has knowledge or information regarding the operation of these entities or about any business transaction involving these securities or investment opportunities to report such activity immediately to the SEC so that appropriate measures can be taken through the Enforcement and Investor Protection Department at telephone numbers (+632)-818-6337 or (+632)-818-1898 or email address This email address is being protected from spambots. You need JavaScript enabled to view it.. END