BILLFORD TRADING COMPANY and BILL FORD VIP TRADING INC. are not authorized to solicit investments from the public as these entities did not secure prior registration and/or license to solicit investment from the Commission.
Date Posted: 23 January 2020
BILLFORD TRADING COMPANY
The Commission has received information that individuals or group of persons representing an entity named BILLFORD TRADING COMPANY and BILL FORD VIP TRADING INC.areenticing thepublic to invest in said entities.Based on the reports from the public and as posted in Facebook, BILLFORD TRADINGand BILL FORD VIP TRADING INC., operated by BILLY FORD DELOS SANTOS ANDRADA, areenticing the public to invest in the said entity by buying one (1) pig for the price of P2,500.00 with a promise of getting the investment back amounting to P4,375.00 in just three (3) months,subject to the following compensation plan:The public ishereby informed thatBILLFORD TRADING COMPANYand BILL FORD VIP TRADING INC.are not authorized to solicit investments from the public as these entities did not secure prior registration and/or license to solicit investment from the Commission as prescribed under Section 8 ofthe Securities Regulation Code (SRC).Those who act as salesmen, brokers, dealers or agents of BILLFORD TRADING COMPANYand BILL FORD VIP TRADING INC.in selling or convincing people to invest in the investment scheme being offered bythe said entities including soliciting investments or recruiting investorsthrough the internet maybe held criminally liable under Section 28 of the SRCand 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 toSTOP INVESTINGin the investment scheme beingoffered by the said entities and by BILLY FORD DELOS SANTOS ANDRADA.Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed.Should you have any information regarding the operation of the subject entity, please call the Enforcement and Investor Protection Department at telephone numbers 8818-6047.For the guidance of the public