SEC Facebook

Based on the information gathered by the Commission, a number of individuals
or group of persons claiming to represent
COINMAX.PH
headed by
a certain
VALERIE
TIU
,
are enticing the public to in
vest their money in said entity.
As posted online,
COINMAX.PH
is offering
investments to the public
by
availing
either
any of the following accounts
:
Basic Account
with 90% return
for
15
–
25 days, and
Gold and Premium Account
with 150% return
for 4
0 or 70 days, respectively.
Accordingly, a member shall only need to invest, wait, and earn without having to do
anything.
As t
he
above described
scheme
s involv
ed
the sale of securities to the public
, the
Securities Regulation Code (SRC) requires th
at these securities are duly registered and that
the concerned corporation and/or its agents have appropriate registration and/or license to
sell such securities to the public pursuant to Section 8 of the SRC.
The
record
s
of the Commission
show
that
COINMA
X.PH
is
not
registered with the
Commission
neither as
a
corporation
nor as a partnership
.
Further, it is
NOT AUTHORIZED
to solicit investments from the public since it has not secured prior registration and/or license
from the Commission as prescribed unde
r Sections 8 and 28 of the Securities Regulation
Code.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such
for
COINMAX.PH
in selling or convincing people to invest in the investment scheme being
offered by said entity inc
luding solicitations and recruitment through the internet may be
prosecuted and held criminally liable under Section 28 of the SRC and penalized with a
maximum fine of Five Million pesos (P5,000,000.00) or penalty of Twenty
–
one (21) years of
imprisonment o
r both pursuant to Section 73 of the SRC.
Also, those who invite or recruit others to join or invest in such venture or offer
investment contracts or securities to the public may incur criminally liability, or otherwise be
sanctioned or penalized accordin
gly as held by the Supreme Court in the case of
Securities
and Exchange Commission vs. Oudine Santos
(G.R. No. 195542, 19 March 2014).
The public is advised
NOT TO INVEST
or
STOP INVESTING
in any investment
scheme being offered by any individual or group
of persons allegedly for or on behalf of
COINMAX.PH
and to exercise caution in dealing with any individuals or group of persons
soliciting investments for and on behalf of it.
Should you have any information regarding the operation of the subject entity
, please
call the Enforcement and Investor Protection Department at telephone numbers
(02)
8
818
–
6047
or send your report to the EIPD at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
3
November
20
20