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Golden Heart Helping Hand Foundation

Date Posted: 22 March 2017

Golden Heart

Golden Heart

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The Commission has received information that an entity named
GOLDEN HEART HELPING
HAND FOUNDATION
is visiting barangays in Iligan City
telling r
esidents especially senior
citizens that financial
assistance will be extended to them for a minimal registration fee of
TWENTY PESOS (Php 20.00).
The public is hereby informed that
GOLDEN HEART HELPING HAND FOUNDATION
is not
registered with the Commission as a corporation or partnership. There being no
primary license,
it is not authorized to solicit investments which require a secondary license as provided under
Sec. 8.1 of the Securities Regulation Code
(SRC)
.
The
law likewise prohibits any person from engaging in the buying or selling of securities
in the
Philippines as a broker or dealer or as salesman or associated person of any broker or dealer
unless registered as such with the Commission (Section 28, SRC).
Accordingly, those who invite or recruit or convince people to join or invest in the ven
ture or
offer investment contracts or securities to the public may be charged and 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, March 19, 2
014].
In view thereof, the public is advised to STOP INVESTING in this kind of investment activity and
to take the necessary precautions in dealing with the above

named entity and/or its
representatives.
If you have invested money or were invited to inve
st in
GOLDEN HEART HELPING HAND
FOUNDATION
, you may seek the assistance of the
SEC

Extension Office
of the Securities
and Exchange Commission with office address at
SEC Building, corner 14
th
and Tomasaco Del
Lara Sts., Cagayan de Oro City
or you may call
telephone number
(088) 857

4325 and (088)
857

7225
.
8 March
2017