SEC Facebook

ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT
S E C ADVISORY
Based on the information gathered by the Commission, a number of individuals or
group of persons claiming to represent
COCO-J FUNDS
and
COCO
–
J FUNDS
DIGITAL MARKETING SERVICES
headed by
JESSIE OLIQUINO HIMOR
(Facebook
Name: Jessie Rich), are enticing the public to invest their money in said entity.
As posted online,
COCO
–
J FUNDS CORP.
and
COCO
–
J FUNDS DIGITAL
MARKETING SERVICES
are
offering investments to the public by buying an Activation
Code amounting to Php1,500.00 per account. A member may avail up to thirty
–
one (31)
accounts.
It is worth noting that a member has a
guaranteed two hundred ten percent (210%)
profit for just sev
en (7) weeks
, ON TOP of all other ways to earn, to wit:
1.
Direct Referral Income
An investor earns Php100.00 for every referral
2.
Pairing Income
An investor earns Php100.00 for every pair of his/her recruits
3.
Leadership Cash Assistant Program
An investor
who hits 2 active invites earns a total of Php4,500.00
As t
he aforementioned schemes 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 a
nd/or its agents have appropriate registration and/or
license to sell such securities to the public pursuant to Section 8
and 28
of the SRC.
The public is hereby informed that
COCO
–
J FUNDS CORP.
and
COCO-J FUNDS
DIGITAL MARKETING SERVICES
are both not
registered with the Commission either
as a corporation
or
as a partnership, further, they are
not authorized to solicit
investments
from the public for not having secured prior registration and/or license to
sell securities or solicit investments as prescr
ibed under Section 8 of the Securities
Regulation Code (SRC).
Consequently, those who act as salesmen, brokers, dealers or agents or claim to
act as such for
COCO-J FUNDS
and
COCO
–
J FUNDS DIGITAL MARKETING
SERVICES
in selling or convincing people to
invest in the investment scheme being
offered by 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 (P5,0
00,000.00) 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 crimin
ally 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).
The public is advised
NOT TO INVEST
or
STOP INVESTING
in any investment
scheme being offered by any individual or group of persons allegedly for or on behalf of
COCO-J FUNDS
and
COCO
–
J FUNDS DIGITAL MARKETING SERVICES
and
to exercise caution in dealing with any individuals or group of persons solicitin
g
investments for and on behalf of it.
Should you have any information regarding the operation of the subject entity,
please call the Enforcement and Investor Protection Department at telephone numbers
(02) 8818
–
6047 or send your report to the EIPD at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City, 4 May 2021