are not registered either as a corporation or partnership and are not authorized to solicit investments from the public
Date Posted: 7 May 2020
MY GOLD REV
The Securities and Exchange Commission has received information that individuals or group of persons representing MY GOLD REV/MY GOLD REV PHILIPPINESare enticing the public to invest their money in the said entitieswith the promise of high monetary rewards or profits.Per recordsof the Securities and Exchange Commission, MY GOLD REV/ MY GOLD REV PHILIPPINESare not registered either as a corporation or partnership. Furthermore, said entitiesarenot authorized to solicit investments from the public as theydid not secure prior registration and/or license to solicit investmentsas prescribed under Section 8 of theSecurities Regulation Code.Based on information gathered by the Commission, the entry packages for the investment plansoffered by MY GOLD REV are as follows:As shown above, MY GOLD REV offers packages fromtwentydollars to one hundred thousanddollars($10-$100,000)promisingreturns of at least2% to as much as 3.5% dailyfor 80 to 100 days for total returnsranging from 260% to 450%. .
Page 2of 3The public is hereby warned that such investment schemes are considered as securities subject to the regulatory authority if this Commission. The offering of securities to the public without a permit or license is a violation of Section 8.1 of the Securities Regulation Code.
Page 3of 3Accordingly, 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 liable or accordingly sanctioned or penalized in accordance with the Supreme Court decision in the case of SEC vs. Oudine Santos(G.R. No. 195542, March 19, 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 regulation 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 Covid-19 crisis situation to prey on the public through scams, phishing, fraudulent emails, or other similar acts.In view thereof, the public is hereby advised to exercise caution in dealing with any individual or group of persons soliciting investments for and on behalf of MY GOLD REV.The public is further advised NOT TO INVESTor to STOP INVESTINGin the investment scheme being offered by the subject entities or their representatives.The Commission urges anyone who has knowledge or information about any business transactions involving these securities or investment opportunities to report such activities so that appropriate actions could be taken through the email of the Enforcement and Investor Protection Department at email@example.com.For the guidance of the public.Pasay City, 07May2020