TBCMMP MASA MART INC. is not authorize to issue sell or offer for sale securities to the public nor undertake business activities requiring secondary license from the Commission as it did not secure prior registration and/or license to solicit investments.
Date Posted: 14 April 2020
TBCMMP MASA MART INC
The
Securities and Exchange
Commission
(“Commission”)
has received
information that individuals or group of persons
representing
TBCMMP MASA
MART INC.
are enticing the public to invest their money in the said entity with the
promise
of high monetary rewards or profits.
Based on information gathered by the Commission,
TBCMMP MASA MART
INC.
is publicl
y soliciting investments online by
enticing the public to invest or pay
Five Thousand Eight Hundred Eighty Eight pesos (P5,888)
w
ith a promise of
instant
TBCMMP Combo Package
benefit
which includes the
products worth
75% of the entry
,
free $10 annual subscription
and
free $100 investment
(1
TBC Cookie Rewards worth P
450,000
),
T
here are different ways to earn in
TBCMMP MASA MART INC.
:
1)
Helping Others Task Program or The 1:5 Helping Formula
;
2)
Sell the TBC Masa Mart
Products;
3)
TBC DIGITAL CURRENCY INCOME OPPORTUNITY:
TBC Cookie Rewards and UMC Masa Coin
Under this scheme,
upon
payment
of a
minimum
subscription of
USD25 or
One Thousand Two Hundred
Fifty Pesos (P1,250.00)
to
the
maximum
subscription of
USD20,000 or One Million (P1,000,000.00)
in
TBCMMP MASA
MART INC
.
,
shall
entitle the investor to
earn
ranging
from 30% monthly
to
2561.81% per annum
.
The gain depends
on
the
option availed
of
by the
investor
,
i.e., monthly or a “lock
–
in” period of 3 months, 6 months or 1 year.
Records of the Securities and
E
xchange Commission (SEC) show that
TBCMMP MASA MART INC.
is a
registered corporation
with
SEC
Registration
No.
CS201815816
issued on 31 July 2018
.
However, such registration
merely
grants juridical personality to the corporation but does not authorize
TBCMMP
MASA MART INC.
to issue sell or offer for sale securities to the public nor
undertake business activities requiring secondary license
from the Commission as
it did
not secure prior registration and/or license to solicit investments as
prescribed under Section 8
.1
of th
e Securities Regulation Code
(SRC)
.
The public is hereby warned that such investment schemes are considered
as securities
in the form of investment contracts
subject to the regulatory
authority of this Commission. The offering and selling of securiti
es to the public
without a permit or license is a violation of Section 8.1.
of the
SRC.
Please be advised that t
he
Commission already posted at the landing page
of its
website, www.sec.gov.ph
, the name of the entities that are authorized to offer
securities/investments to the public. Entities not included in the list and that are
conducting investment taking activities from the public are presumed to be in
violation of Securities Regulation
Code.
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 liable
under Section 28 of the SRC penalized with a maximum fine of
Five Milli
on 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 Santos
G.R. No. 195542, 19
March 2014
).
Violators are warned 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 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 before
investing in these kinds of activities and to take
the necessary precaution
s
in
dealing with
TBCMMP MASA MART INC.
or its representatives
.
In view thereof,
the public is further advised
NOT TO INVEST
or
TO STOP
INVESTING
in any
investment scheme being offered by aforesaid entities/individuals.
Should you have any information regarding the operation of the subject
entity, please call the Enforcement and Investor Protection Department at
telephone numbers
8
818
–
6
047 or send your report to the EIPD at
[email protected]
.
For the guidance of the public.
Pasay City,
April 14, 2020