SEC Facebook

This ADVISORY is prompted
by
inquiries
and reports to the Commission that
BRAINMAX HOLDINGS AND TRADING, INC
. is
soliciting investments
wherein
investors
are promised a return of Forty Percent (40%) in four (4)
months for a minimum
investment of
Twenty Five Thousand Pesos (Php
25,000.00)
which is
allegedly
reinvested in the stock market.
Payment of return of investment is done through the
issuance of postdated checks.
The public is hereby informed that based
on the records of the Commission,
BRAINMAX HOLDINGS AND TRADING, INC
. is not authorized to solicit investments
from the public as it
has
not secure
d
the necessary
license or
permit from the SEC as
required un
der Section 8 of the Securities
Regulation Code
(SRC).
Further t
he authorized
purposes of BRAINMAX, as stated in its Articles of Incorporation, DO NOT include
investment
–
taking activities.
Those who act as salesmen, brokers, dealers, or agents of
BRAINMAX
HOLDINGS AND TRADING, INC
.
in selling r convi
ncing people to invest in the
investment scheme being offered by
BRAINMAX HOLDINGS AND TRADING, INC
.
including doing solicitations or recruitment through the internet may likewise be
prosecuted and held criminally liable under Section 28 of the Securities
Regulation Code
and penalized with a maximum fine of FIVE MILLION (P5,000,000.00) PESOS or a
maximum penalty of TWENTY ONE (21) years imprisonment or BOTH pursuant to
Section 73 of the SRC
.
Accordingly, t
hose who invite or recruit other people to join or
invest in this
venture or offer investment contracts or securities to the public may be held criminally
liable or accordingly sanctioned or penalized, in accordance with the Supreme Court
decision in the case of SEC vs. Oudine Santos (G. R. No. 195542, Ma
rch 19, 2014).
In view of the foregoing, the public is hereby advised
to
exercise self
–
restraint
from investing their money into such high
–
yield high
–
risk investment scheme and to take
the necessary precaution in dealing with individual
s representing the
above
–
named
entity.
Should you have any information about the business operations of
BRAINMAX
HOLDINGS AND TRADING, INC
.
, please call the Enforcement and Investor Protection
Department at telephone numbers
818
–
6047
.
For the guidance of the public