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The Securities and Exchange Commission (“Commission”) received information regarding the investment taking activities of XM TRADING MARKETING SERVICESand/or XM TRADING OFFICIAL(“Entities”).Based on the information gathered by the Commission, the Entities lurethe public to invest in the company by allegedly making them “shareholders.”Basically, the scheme is to entice the public to invest their money to the company and without any other participation or efforts from the investors, they will be entitled to twenty-five percent profitof the investment capitalevery twenty days (20 days)for three cycles. Onthe fourth cycle,i.e.,the last cycle, the investor will be entitled to twenty-five percent profit plus the return of the investment capital. It also offers different packages depending on the investors capital, to wit:It portrays to the public that it is engaged in the following programs, projects, and services:1.Sponsorship of Pro Gamer Advertising Streams and live Game Streamers;2.Cryptocurrency and Forex Trading;3.Manufacturing/ Wholesale Perfume Industry Business;4.Car Loan Financing Program;and5.Manufacturer of other Products and etc.The public is hereby informed that XM TRADING MARKETING SERVICESand/or XM TRADING OFFICIAL is not registered as a corporation norasa partnership. The Entities are likewise not authorized to offer, solicit, sell or distribute any investment/securities to the public. Such activities require aSecondary License from the
Commission. The securities or investment product should likewise be registered with the Commission before it can be offered to the public as provided for by Sections 8 and12 of Republic Act 8799 or theSecurities Regulation Code(SRC).Those who act as salesmen, brokers, dealers or agents of XM TRADING MARKETING SERVICESand/or XM TRADING OFFICIALin selling or convincing people to invest in the scheme being offered by these entities including solicitations and recruitment may be prosecuted and be held liable under Section 28 of the SRC. If adjudged guilty, they can be penalized with a maximum fine of Five Million Pesos (PhP 5,000,000.00) or penalty ofTwenty-Oneyears 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 criminal liability, or otherwise be sanctioned or penalized 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).IN VIEW WHEREOF, the Public is hereby advised to exercise cautionin dealing with XM TRADING MARKETING SERVICESand/or XM TRADING OFFICIALor persons purportingto be its representatives.Should you have any information regarding any investment solicitation by any individuals or group of individuals representing XM TRADING MARKETING SERVICESand/or XM TRADING OFFICIAL, please send your report tothe ENFORCEMENT AND INVESTORPROTECTION DEPARTMENT(EIPD) at epd@sec.gov.ph. For the guidance of the public.Pasay City, 28 May 2020