INVESTOR EDUCATION AND INFORMATION

Menu
OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING (OLYMPRO)
OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING is not registered with the Commission either as a corporation or as a partnership and is not authorized to solicit investments from the public

Date Posted: 20 October 2020

OLYMPRO STOCKTRADING

OLYMPRO STOCKTRADING

SEC Facebook

Based on the information gathered by the Commission, a number of individuals
or group of persons claiming to represent
OLYMPRO STOCKTRADING WEB
CONTENT PUBLISHING
(OLYMPRO)
,
headed by
CHRISTIAN MARK LACSON
PEREDO
, are enticing the public to invest their money in said entity.
As posted in their website, (
http://www.olympro.org/
)
OLYMPRO
is
a private
platform promising
20% interest in just 8 days
. However, reports from the public that
said website as well as Christian Mark Pedero’s Facebook page along with
all
associated F
acebook
accounts of his admins/staff and the
Olympro Facebook
group
were
taken down on 1 October 2020.
The
platform gathers potential investors willing to invest a minimum of Php
200
.00
to a maximum of Php 100,000.00 with a 5% commission from invites who invested at
Olympro.
Compensation Plans (ComPlan) are
(1)
Beginner Plan

guarantees a
20% return
of investment on an 8

day timeframe
; (2)
Pro Trader

which
grants a
50% return of
investment for a 15

day timeframe
; and (3)
VIP Trader

100% return of investment for
a 30

day timeframe and a monthly profit share
.
Based on accounts of investors,
OLYMPRO
’s
website as well as Christian
Mark Pedero’s personal Facebook page and associated pages were inexplicably
taken down on
1 October 2020 and that Mr. Pedero can no longer be contacted.
As the
above

described
schemes involved the
offer for public sale of securities
, the
Securities Regulation Code (SRC) requires that 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
s
8
.1 and
28.1
of the SRC.
The records of the Commission show that
OLYMPRO STOCKTRADING WEB
CONTENT PUBLISHING
is not registered with the Commission either as a corporation or
as a partnership.
However,
OLYMPR
O STOCKTRADING WEB CONTENT PUBLISHING
has been issued a Certificate of Business Name Registration
on 23 August
2020 by the
Department of Trade and Industry
with Business Name No. 2102561
under
its owner
CHRISTIAN MARK LACSON PEREDO
.
Nonetheless
,
OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING
is
not
authorized to solicit investments from the public
as it did not secure prior registration
and/or license to solicit investments from the Commission as prescribed under Section
s
8
.1 of the SRC
.
Likewise,
CHRISTIAN MARK LACSON PEREDO
is not a registered or
licensed capital market professional such as a broker in securities or a salesman, trader or
associated person thereof under Section 28.1 of the SRC and is also
not authorized to
solicit investments from
the public
Further,
OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING
is also
NOT
REGISTERED
either as a crowdfunding intermediary or a funding portal under SEC
Memorandum Circular No. 14, Series of 2019 or the
Rules and Regulations Governing
Crowdfundin
g.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as
such for
OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING
in selling or
convincing people to invest in the investment scheme being offered by said entity including
solicitations and
recruitment through the internet may be prosecuted and held criminally
liable under Section 28
.1
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 or both
pursuant to Sec
tion 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 accordingly as held by the Sup
reme 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
OLYMPRO STOCKTRADING WEB CONTENT PUBLISHING
and
CHRISTIAN MARK
LACSON PEREDO
and
to exercise caution in dealing with any individuals or group of
per
sons soliciting investme
nts for and on behalf of them
.
Should you have any information regarding the operation of
OLYMPRO
STOCKTRADING WEB CONTENT PUBLISHING
and
CHRISTIAN MARK LACSON
PEREDO
or any
securities solicitation activities
by any individual or group of individuals
representing
them,
please send your report to the Enforcement and Investor Protection
Department at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
20
October
2020