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BITRADE / BITRADE ADMINISTRATION OF FINANCIAL MARKETING
BITRADE / BITRADE ADMINISTRATION OF FINANCIAL MARKETING is not registered with the Commission as a corporation or partnership

Date Posted: 5 October 2021

BITRADE ADMINISTRATION

BITRADE ADMINISTRATION

SEC Facebook

The Securities and Exchange Commission has received information that
BITRADE
/
BITRADE ADMINISTRATION OF FINANCIAL
MARKETING
through its CEO
DARYL FAJARDO
LERIDA
is soliciting investments from the public.
Based on information gathered by the Commission,
BITRADE
offers online the following
income opportunity:
As shown above
BITRADE /
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
BITRADE
through its self

proclaimed CEO
DARYL LERIDA.
Page
2
of
2
Further,
BITRADE
is offering a direct referral bonus of 5% and indirect referral bonus
of 1%:
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.
BITRADE ADMINISTRATION
AL MARKETING
is not registered
with the Commission as a corporation or partnership. However,
BITRADE ADMINISTRATION
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.
3139448 under
its owner
DARYL FAJARDO LERIDA.
Nonetheless,
BITRADE /
BITRADE ADMINISTRATION
OF FINANCIAL MARKETING
is
not authorized
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
SEC vs.
Oudine Santos
(G.R. No.
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
BITRADE ADMINISTRATION
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
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City, 05
October 2021