SEC Facebook

The Commission has received information that
an entity named
KAPPA (KABUS
PADATOON)
founded by a certain
MR. JOEL APOLINARIO
is
operating in Bislig City, Surigao del Sur and
collecting investments from the public with a promise that 30% of one’s investment will be paid
back every month until forever.
The public is hereby
informed that
KAPPA (KABUS PADATOON)
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
Secu
rities 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 as salesman or associated person of a broker or dealer unless
registered as such with the Com
mission (Section 28, SRC).
Accordingly, those who invite or recruit or convince people to join or invest in the venture or
offer investment contracts or securities to the public may be charged and held criminally liable
or accordingly sanctioned or penal
ized in accordance with the Supreme Court decision in the
case of SEC vs. Oudine Santos [G.R. No. 195542, March 19, 2014].
In view thereof, the public is advised to STOP INVESTING in this kind of investment activity and
to take the necessary precautions i
n dealing with the above
–
named entity and/or its
representatives.
If you have invested money or were invited to invest in
KAPPA (KABUS PADATOON)
, you
may seek the assistance of the
SEC
–
Extension Office
of the Securities and Exchange
Commission with offi
ce 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