SEC Facebook

Based on the information gathered by the Commission, a number of individuals or group
of persons claiming to represent
WORLD OF SURVEY
(“
WOS
”)
headed by
a certain
Jasser
June Cailing Cruz
,
are enticing the public to invest their money
in said entity.
As posted online,
WORLD OF SURVEY
is offering
investments to the public
by investing
a
member
amounting to Php
1,0
00.00 per account. A member may avail
of
up to
fifty
(
50
)
accounts.
A member shall earn:
1.
Php1,500.00 b
y survey
job
where a member
must answer five (5) surveys per
day
in just five (5) days (Php60.00 per survey)
;
2.
Spo
n
sor
s
hip Reward amounting to Php100.00 by directly recruiting a member;
3.
Matching Sales Bonus amounting to Php500.00 for every pairing in his/her
strcut
ure, but shall not exceed Php1,000.00 per day; and
4.
Leveling Bonus or Leadership Rewards amounting to Php10.00 per level from a
member’s 2
nd
to 12
th
level.
Considering that t
he aforementioned
scheme
s involve
the sale of securities to the public,
the Securities Regulation Code (SRC) requires that these securities are duly registered and that
the concerned corporation and/or its agents have
the
appropriate registration and/or license to
offer and
sell such secu
rities to the public pursuant to Section 8 of the SRC.
Per record
s
of the Commission,
WORLD OF SURVEY
IS NOT
registered
either
a
s
a
corporation
or as a partnership
with the Commission,
and consequently, IT CANNOT secure a
secondary license to solicit, accept, or take investments/placements from the public nor to issue
investment contracts and other forms of securities
under Section 3 of the Securities Regulation
Code (SRC) as prescribed
under Sections 8 and 28 of the Securities Regulation Code (SRC).
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such
for
WORLD OF SURVEY
in selling or convincing people to invest in the investment scheme
being offered b
y said entity including 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 or 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 p
enalized accordingly 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 ind
ividual or group of persons allegedly for or on behalf of
WORLD OF SURVEY
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 operatio
n 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,
25 August
20
20