SEC Facebook

The
Securities and Exchange
Commission
(“Commission”)
has received
information that individuals or group of persons
of person representing
DOORS
OPPORTUNITY
ONLINE (DOO
)
/
DOOR OPPORTUNITY
DIGITAL MARKETING
SERVICES
owned and operated by
MANASES MAGBUO DUGENIO, JR.
a.k.a.
DOMAN D.
NARVAEZ,
are
offering online
–
investment opportunities.
Based on information gathered by the Commission, in order to become a member,
one must pay a minimum of
One Thousand Pesos (P1,000.00)
which the company
promises to turn into
One Thousand Six Hundred Twenty Pesos
(P1,620)
within nine
(9)
days
(62% in 9
days)
thru opening
of (virtual)
doors even without
invites
.
MANASES MAGBUO DUGENIO JR.
DOMAN D. NARVAEZ
Below is a
compensation plan showed
by its promoter:
There are different ways to earn in
DOORS OPPORTUNITY ONLINE
:
1)
Direct Referral
;
2)
Pairing Bonus
; and
3)
Unilevel Income
.
Since t
he aforementioned investment scheme of
DOORS
OPPORTUNITY ONLINE
/
DOOR OPPORTUNITY DIGITAL MARKETING SERVICES
involves the
offer and
sale of
securities to the public
,
the Securities Regulation Code (SRC) requires that these securities are
duly registered with the Commission and that the concerned
company
and/or its agents have
appropriate registration and/or license to sell such securities to the public pursuant to Sect
ions
8.1 and 28.1 of the SRC.
DOORS OPPORTUNITY ONLINE
is
not
registered
with the
Commission as a corporation or partnership
.
However,
DOORS OPPORTUNITY ONLINE
h
as been issued a Certificat
e of
Business Name Registration on
19 October 2020
by the Department of Trade and Industry
with Business Name No.
2251283
under the name of its owner
,
MANASES MAGBUO DUGENIO,
JR.
Nonetheless,
DOORS OPPORTUNITY ONLINE
is
not authorized to solicit investments from the public
as it did
not secure prior registration and/or license to solicit investments from the Commission as
prescribed under Section 8 of the SRC.
None of their agents, representative, and/or members
have appropriate registration
and/or license to offer or sell securities to the public as well.
Further, it appears that its owner
MANASES MAGBUO DUGENIO JR,
and/or
DOMAN
D. NARVAEZ,
has not
applied fo
r and/or obtained a secondary license to act as a capital market
professional such as Associated Person, Compliance Officer, Salesman and/or Certified
Investment Solicitor of a Broker Dealer in Securities, Investment House, Underwriter of
Securities, Inves
tment Company Adviser, and/or Mutual Fund
Distributor under the SRC
.
Likewise
,
DOORS OPPORTUNITY ONLINE
i
s also
NOT REGISTERED
either as a crowdfunding intermediary or a
funding portal under SEC Memorandum Circular No. 14, Series of 2019 or the
Rules and
Regulations Governing Crowdfundin
g.
Accordingly, those who invite or recruit other people to join or invest in this venture or
offer investment contracts or securities to the public may be held criminally liable
under
Section 28 of the SRC penalized with a maximum fine of Five Million Pesos (P 5,000,000.00) or
imprisonment of Twenty One (21) years or both pursuant to Section 73 o
f the SRC (SEC vs.
Oudine Santos
G.R. No. 195542, 19 March 2014
).
In view thereof,
the public
is hereby
advised to exercise caution before investing in
these kinds of activities and to take
the necessary precaution
s
in dealing with
DOORS OPPORTUNITY ONLINE
or its
representatives
.
Should you have any information regarding the operation of the subject entity, please
call the Enforcement and Investor Protection Department at telephone numbe
rs
8
818
–
6047.
For the guidance of the public.
Pasay City, 27 April 2021