BITRADE / BITRADE ADMINISTRATION OF FINANCIAL MARKETING is not registered with the Commission as a corporation or partnership
Date Posted: 5 October 2021
The Securities and Exchange Commission has received information that
BITRADE ADMINISTRATION OF FINANCIAL
through its CEO
is soliciting investments from the public.
Based on information gathered by the Commission,
offers online the following
As shown above
BITRADE ADMINISTRATION O
F FINANCIAL MARKETING
offers 50% profit within 15 days
with a minimum investment of Php1,000.00 with no
maximum investment limit.
Allegedly, the earnings will be generated from trading in the crypto
currency markets by
through its self
is offering a direct referral bonus of 5% and indirect referral bonus
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 of securities to the public without a permit or license is a violation of Section 8.1 of the
Securities Regulation Code.
is not registered
with the Commission as a corporation or partnership. However,
has been granted a Certificate of Business Name Registration by the
Department of Trade and Industry on 24 August 2
021 with Business Name No.
DARYL FAJARDO LERIDA.
OF FINANCIAL MARKETING
to solicit investments from the public as above
mentioned entity did not secure prior registration and/or license to solicit investments as
prescribed under Section 8 of the Securities Regulation Code.
Accordingly, those who invite or recruit other peopl
e to join or invest in this venture or
offer investment contracts or securities to the public may be held criminally liable or accordingly
sanctioned or penalized in accordance with the Supreme Court decision in the case of
195542, March 19, 2014).
In view thereof, the public is hereby advised to exercise caution before investing in these
kinds of activities and to take the necessary precautions in dealing with
or its representatives.
The Commission urges anyone who has knowledge or information about any business
transactions involving these securities or investment opportunities to report such activities so
that appropriate actions could be taken through the e
mail of the Enforcement and Investor
Protection Department at
For the guidance of the public.
Pasay City, 05