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DOUBLE M GLOBAL TRADING/ DOUBLE M FX FINANCIAL CONSULTANCY SERVICESDOUBLE M GLOBAL TRADING/ DOUBLE M FX FINANCIAL CONSULTANCY SERVICES is not registered with the Commission either as a corporation or as a partnership

Date Posted: 25 November 2021

DOUBLE M GLOBAL

DOUBLE M GLOBAL

SEC Facebook

Based on the information gathered by the Commission, a number of individuals
or group of persons claiming to represent
DOUBLE M GLOBAL TRADING/ DOUBLE
M FX FINANCIAL CONSULTANCY SERVICES
,
headed by
MELVIN MARINEZ
, are
enticing the public to invest their mo
ney in said entity.
As posted online,
DOUBLE M GLOBAL TRADING/ DOUBLE M FX
FINANCIAL CONSULTANCY SERVICES
is offering investments to the public w
ith a
minimum amount worth Php
500
and promises earning
s
of
30
0
% of their investment
in
15
days
.
Investors also have the chance to
earn more through the following
:
1.
20% commission through Direct Referral Bonus (DRB);
2.
1%
u
nlilevel
commission
from 2nd level up to
10th level
;
and
3.
0.55 unilevel
commission
from 11th level up to 15th level.
Interested
Individuals
will
sign
up
through
the
website
(
http://doublem.ph/invite/uG2Ryh
) and choose which
amount
they opt to invest
in.
Interested Individuals
will
earn
300
% of their investment after
15
days.
A payout of 50%, 100% and 150% payout will be earned every 5 days for a
total of
300% subject for 10% withdrawal maintenance deduction.
As t
he above described schemes involved the sale of securities to the public, the
Securities Regulation Code (SRC) requires that these securities are duly registered and that
the concerned corporation and/or its agents have
the
appropriate registration and/or
license
to sell such securities to the public pursuant to Section 8 of the SRC.
The records of the Commission show that
DOUBLE M GLOBAL TRADING/
DOUBLE M FX FINANCIAL CONSULTANCY SERVICES
is not registered with the
Commission either as a corporation or as a partnership. Further, it is
NOT AUTHORIZED
to solicit investments from the public since it has not secured prior registration and/or license
from the Commission as prescribed under Secti
ons 8 and 28 of the SRC.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as
such for
DOUBLE M GLOBAL TRADING/ DOUBLE M FX FINANCIAL CONSULTANCY
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 (P5,000,000.00) 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 criminally liability, or otherwise be
sanct
ioned 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
DOUBLE M GLOBAL TRADING/ DOUBLE M FX FINANCIAL CONSULTANCY
SERVICES
and to exercise caution in dealing with any individuals or group of persons
soliciting investments for and on behalf of
it.
Should you have any information regarding the operation of
DOUBLE M GLOBAL
TRADING/ DOUBLE M FX FINANCIAL CONSULTANCY SERVICES
or any securities
solicitation activity by any individual or group of individuals representing
DOUBLE M GLOBAL /
DOUBLE M FX FINANCIAL CONSULTANCY SERVICES
, 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,
2
5
November
2021