SEC Facebook

The Commission has received information that an individual
s
or group of
persons representing an entity named
APOLLO DRUGSTORE AND DIAGNOSTIC
CENTER, INC. (APOLLO DRUGSTORE
)
are enticing
the public to invest their
money in the said entity with the promise of high monetary rewards or profits.
APOLLO DRUGSTORE
claims to be engaged in a
drugstore
business
.
Based on reports and the information gathered and verified by the
Commission
,
APOLLO DRUGSTORE
entices the public to invest by offering a
“CO
–
FRANCHISING PROGRAM
”
starting from Php100,000.00
up to Php5,000,000.00
that
guarantees a
passive income of up to Php12,800,000.00 for five (5) years.
As the above described scheme involves the sale of securities to the public
in the form of investment contracts
, the Securities Regulation Code (SRC) requires
that these securities are duly registered
with the Commission
and that the
concerned entities and/or its agents have appropriate registration and/or license to
sell such securities to the public pursuant to S
ection 8 and 28 of the SRC.
The public is hereby informed that
while
APOLLO DRUGSTORE AND
DIAGNOSTIC CENTER, INC.
has been
registered with the Commission as
a
corporation
on 03 October 2020 under Company Registration CS202009100,
however, it is
NOT
AUT
HORIZED
to offer, solicit, sell or distribute any
investment/securities to the public. Such activities require a Secondary License from
the Commission and the securities or investment product should likewise be
registered with the SEC before they can be of
fered or sold to the public under
Sections 8 and 12 of the Securities Regulation Code (SRC).
Consequently, those who act as salesmen, brokers, dealers or agents of
APOLLO DRUGSTORE
in selling or convincing people to invest in
its
investment
schemes inc
luding solicitations or recruitment through the internet may likewise be
prosecuted and held criminally liable under Section 28 of the SRC and penalized
with a maximum fine of Five Million Pesos (Php5,000,000.00) or maximum penalty
of Twenty
–
One (21) years
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 pen
alized 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 thereof, the public is hereby advised to
NOT TO INVEST
or
STOP
INVESTING
in the investment schemes being offered by
APOLLO DRUGSTORE
or its
representatives
.
Should you have any information regarding the operation of the subject
entities, you can send your report to the EIPD at epd@sec.gov.ph.
For guidance of the public.
Pasay City, 23 September 2021