The public is advised NOT TO INVEST or STOP INVESTING in any scheme offered by any individuals/agents/entities representing to be agents of BTXTRADERS.COM.
Date Posted: 7 July 2020
The Securities and Exchange Commission(“Commission”)has received information that individuals or group of persons representing “BTXTRADERS.COM”areenticing the public to invest their money in the said entity with the promise of high monetary rewards or profitsby promoting 1) “BITCOIN”2) “NON-FARM PAYROLL” and 3) “NFP INVESTMENT GROUP”through the website: https://btxtraders.com/home/Examination of the abovementioned website showed that its business address is at 2815 George Dieter Dr. El Paso, TX 79936 USA.Based on information gathered by the Commission, just by investing in BTXTRADERS.comin an amountranging from Php1,000.00 up toPhp1,000,000.00 or $100 up to $90,000 membersare shall earn a promiseddaily rate of returnranging from 3.5%to25%. Toentice prospective clients, agents of BTXTRADERS.com offered for a limited time, anNFP INVESTMENT special promo –“a pooled investment funds in US dollars that would generate a 25% daily profit.”These individuals/agents make representations of the following activities:1.Mining bitcoin;2.Pay-to-Click;3.Bitcoin Faucets;4.Bitcoin Trading;5.Lending Bitcoin;6.Binary Trading withBitcoin;and7.Make Money with Bitcoin affiliates.
Per records, “BTXTRADERS.COM”is not registered as a corporation or partnership with the Commission and hasNO SECONDARY LICENSEto solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities as defined under Section 3 of the Securities Regulation Code (SRC).The public is hereby WARNEDthat such investment schemes are considered as securities subject to the regulatory authority of this Commission. The offering and selling of securities to the public without a permit or license is a violation of Section 8.1. of the Securities Regulation Code.Thus, the public isadvised NOT TO INVESTor STOP INVESTINGin any scheme offered by any individuals/agents/entities representing to be agents of BTXTRADERS.COMorits affiliates who are engaged in similar activities or initial coin offerings and digital asset trading which are not compliant with the BSP and the Commission. The Commission reiterates that the public must be wary that any promise of ridiculous rates of return with little or no risks is an indication of a Ponzi Schemewhere monies from new investors are used in paying fake “profits” to earlier investors. Also, any promise that defies the normal financial logic is surely unreliable and sketchy. It must be clear that entitiesengaged in such activities likely tend to disappear shortly to the prejudice of their stakeholders.Accordingly, those 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 liableunder Section 28 of the SRC penalized with a maximum fine of Five Million Pesos (P 5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine SantosG.R. No. 195542, 19 March 2014).Everyone is reminded that aside from the strict penalties imposed by the Commission for violations of the Securities Regulation Code, the Revised Corporation Code, and such other rules and regulations it enforces, the Bayanihan to Heal as One Act (Republic Act No. 11469) also punishes those participating in cyber incidents that make use or take advantage of the current crisis situation to prey on the public through scams, phishing, fraudulent emails or other similar acts.Should you have any information regarding the operation of the individuals/ agents working under BTXTRADERS.COM, please send your report to the Enforcement and Investor Protection Department at firstname.lastname@example.org. For the guidance of the public. Pasay City, 07 July 2020