Date Posted: 17 May 2016
FarmOn Agricultural Production
This Advisory is prompted by inquiries and reports to the Commission regarding FarmOn / FarmOn Agricultural Production wherein investors, through its website (http://www.farmon.ph/), are invited to invest in an agricultural enterprise by “providing players/investors with virtual space where they may experience farming for real” and earn at least “50 0/0 in the profit” from the sale of crops and/or livestock. An investor’s investment would correspond to specific crops and livestock which real farmers would cultivate in actual farms.
The public is hereby informed that FarmOn / FarmOn Agricultural Production is not registered with the Commission as a corporation or as a partnership. There being no primary license, it is likewise not authorized to solicit investments which require a secondary license as provided under Section 8.1 of the Securities Regulation Code.
In view thereof, the public is hereby advised to exercise selfrestraint from investing their money into such high-yield high-risk investment scheme and to take the necessary precaution in dealing with individuals representing the above-named entity.
Should you have any information regarding the operation of the said entity, please call the Enforcement and Investor Protection Department at telephone number (02) 584-7652.
For the guidance of the public.