INVESTOR EDUCATION AND INFORMATION

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BRENDAHL CRUZ HOLDINGS, INC. and SCENTKOWORLD CORPORATION

Date Posted: 31 July 2019

BRENDAHL CRUZ

BRENDAHL CRUZ

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This Advisory is prompted by reports received by the Securities and Exchange Commission (“SEC”) and posts on the internet where it is stated that BRENDAHL CRUZ HOLDINGS, INC. has obtained a Secondary License from the SEC and SCENTKOWORLD CORPORATION is under BRENDAHL CRUZ HOLDINGS, INC.
Per records of the SEC, BRENDAHL CRUZ HOLDINGS, INC. and SCENTKOWORLD CORPORATION are registered as corporations. However, BRENDAHL CRUZ HOLDINGS, INC. contrary to contents of the postings on the internet, has not been issued any Secondary License by the SEC and as such is not authorized to solicit investments from the public as the above-mentioned entities did not secure prior registration and/or license to solicit investments from the SEC as prescribed under Section 8 of the Securities Regulation Code (SRC), which specifically provides that securities shall not be publicly offered for sale or distribution in the Philippines without a registration statement filed with and approved by the Commission.
Per records also of the SEC, SCENTKOWORLD CORPORATION has not been issued a Secondary License by the SEC, and as such, is likewise not authorized to solicit investments from the public.
The SEC has also found postings on the internet pertaining to a package of SCENTKOWORLD CORPORATION which shows that one can earn Twenty Thousand Pesos (Php20,000.00) from an investment of Five Thousand Pesos (Php5,000.00) in Thirty Days (30). The posting goes on to describe earnings of Two Hundred Thousand Pesos (Php200,000.00) from an investment of Fifty Thousand Pesos (Php50,000.00) within Thirty Days (30).
The public is informed that the issuance of a Certificate of Incorporation only grants the said entity juridical personality but does not constitute an authority or license for the corporation to engage in activities that require a secondary license from the SEC. Hence, it is explicitly stated on the Certificate of Incorporation of BRENDAHL CRUZ HOLDINGS, INC. that:
xxx xxx xxx
This Certificate grants juridical personality to the corporation but does not authorize it to issue, sell or offer for sale securities to the public such as but not limited to shares of stock, investment contracts, debt instruments and virtual currencies without prior Registration Statement approved by the Securities and Exchange Commission; nor to undertake business activities requiring a Secondary License from this Commission such as, but not limited to acting as: broker or dealer in securities, government securities eligible dealer (GSED), investment adviser of an investment company, closed-end or open-end investment
company, investment house, transfer agent, commodity/financial futures exchange/broker/merchant, financing/lending company, and time shares/club shares/membership certificate issuers or selling agents thereof; nor to operate a fiat money to virtual currency exchange. Neither does this Certificate constitute a permit to undertake activities for which other government agencies require a license or permit.
xxx xxx xxx”
On the other hand, it is explicitly stated on the Certificate of Incorporation of
SCENTKOWORLD CORPORATION that:
xxx xxx
This Certificate grants juridical personality to the corporation but does not authorize it to issue, sell or offer for sale to the public, securities such as but not limited to shares of stock, investment contracts, debt instruments and virtual currencies without prior Registration Statement approved by the Securities and Exchange Commission; nor to undertake business activities requiring a Secondary License from this Commission such as, but not limited to acting as: broker or dealer in securities, government securities eligible dealer (GSED), investment adviser of an investment company, closed-end or open-end investment company, investment house, transfer agent, commodity/financial futures exchange/broker/merchant, financing/lending company, and time shares/club shares/membership certificate issuers or selling agents thereof; nor to operate a fiat money to virtual currency exchange. Neither does this Certificate constitute a permit to undertake activities for which other government agencies require a license or permit.
xxx xxx xxx”
The public is hereby warned that BRENDAHL CRUZ HOLDINGS, INC. and SCENTKOWORLD CORPORATION have not been issued licenses or permits to publicly offer or sell securities by the SEC.
Those who act as salesmen, brokers, dealers or agents in selling or convincing people to invest in SCENTKOWORLD CORPORATION and BRENDAHL CRUZ HOLDINGS, INC. including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty-One
(21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014).
In view thereof, the public is hereby advised to exercise caution in dealing with any individuals or group of persons soliciting investments or recruiting investors for and
on behalf of SCENTKOWORLD CORPORATION and BRENDAHL CRUZ HOLDINGS, INC. The public is further advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by SCENTKOWORLD CORPORATION and BRENDAHL CRUZ HOLDINGS, INC.
Should you have any information regarding any investment solicitation by any individuals or group of persons representing SCENTKOWORLD CORPORATION and BRENDAHL CRUZ HOLDINGS, INC., please call the Enforcement and Investor Protection Department at telephone number 818-6047.
For the guidance of the public