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ELITE ALLIANCE VERA TRADE SYSTEM OPC (EAV Trade)
The public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by EINS ANGELO RUIZ VALENCIA through ELITE ALLIANCE VERA TRADE SYSTEM OPC/ELITEALLIANCEVERA COMPUTER TRADING/ELITE ALLIANCE VERA TRADE LTD/ELITE ALLIANCE VERA TRADE INTERNATIONAL

Date Posted: 9 September 2021

ELITE ALLIANCE VERA TRADE

ELITE ALLIANCE VERA TRADE

SEC Facebook

This is in response to the numerous reports and inquiries received by the
SECURITIES AND EXCHANGE COMMISSION (SEC) regarding the alleged
secondary
license
granted by this Commission to
ELITE ALLIANCE VERA TRADE SYSTEM OPC
(EAV Trade),
with SEC Company Registration No.
2021070020495

22
As posted
in the various Facebook and YouT
ube accounts of individuals connected
with the company, the photo below is the document which Mr. Valencia is presenting as
the secondary license which
ELITE ALLIANCE VERA TRADE SYSTEM OPC
allegedly
received from SEC.
Page
2
FAKE
1
A scrutiny of
the
above document
show
s
that
it is not the secondary license
which
the Securities Regulation Code requires
(i.e, Permit to Offer and Sell Securities or
License as a Capital Market Professional such as a broker dealer in securities).
Rather, it is
a purported Certificate of Filing of Amended Articles of Incorporation of a corporation
named as
“ELITE AV HOLDINGS INC.”
with a Company Reg. No. CS202155332.
Moreover, the same
is
fake
as the Commission’s office which appeared thereat is s
till
at Mandaluyong City and that the said document appears to be signed only on 31 August
2021.
FAKE
Page
3
Based on our initial verification with the SEC online database, the corporate name
ELITE AV HOLDINGS INC.
do
not appear to be registered with this Commission
and its
alleged C
ompany Reg. No. CS202155332 is non

existent.
Worse
, the document that
EINS ANGELO RUIZ VALENCIA
, President of
Elite
Alliance Vera Trade System OPC,
manifests to be the c
ompany’s secondary license is
fake or a
forgery. For all intents a
nd purposes, the main
objective of Mr. Valencia is to
deceive the
gullible
that this Commission has allowed him to solicit investments from
the public
.
Such
despicable
act
makes
a mockery of th
e law the Commission
enforce
s
and
implement
s
.
To highlight,
the professed activities of Mr. Valencia is
trading in foreign exchange
.
Notably, the Commission does not allow the registration of Foreign Exchange (FOREX)
contracts
as they are
in the nature of Commodity/Financial Futures Contract, Contracts for
Differe
nce (CFDs) and oth
er similar derivatives nor any Exchange,
merchants/brokers as
the pertinent rules governing these securities remain suspended pursuant to Rule 11 of
the 2015 Implementing Rules and Regulation (IRR) of the SRC.
Alarmingly, since no one
could guarantee that one’s trade shall be profitable,
therefore, the promised/guaranteed income to its investors shall only be taken out from
the investment of future subscribers which is clearly within the context of a
ponzi scheme
and on the basis of suc
h questionable business model,
it cannot be granted a secondary
license.
Accordingly, the Commission warns all unscrupulous individuals and/or entities that
strict penalties are imposed for violations of the Securities Regulation Code, the Revised
Corporation Code and such other laws, rules and regulations enforced by the Commission.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such
of
EINS ANGELO RUIZ VALENCIA / ELITE ALLIANCE VERA TRADE
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 pr
osecuted and held criminally liable under
Section 28 of the SRC and penalized with a maximum fine of Five Million pesos
(Php5,000,000.00) or penalty of Twenty

one (21) years of imprisonment or both pursuant
to Section 73 of the SRC.
Also, those who invi
te or recruit others to join or invest in such venture or offer
investment contracts or securities to the public may incur criminal liability, or otherwise
be sanctioned or penalized accordingly as held by the Supreme Court in the case of
Securities and Ex
change Commission vs. Oudine Santos (G.R. No. 195542, 19 March 2014).
Further, the names of all those involved will be reported to the Bureau of Internal
Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed.
Page
4
In view
thereof, the public is advised
NOT TO INVEST or STOP INVESTING
in any
investment scheme being offered by EINS ANGELO RUIZ VALENCIA through ELITE
ALLIANCE
VERA
TRADE
SYSTEM
OPC/ELITEALLIANCEVERA
COMPUTER
TRADING/ELITE ALLIANCE VERA TRADE LTD/ELITE ALLIANCE
VERA TRADE
INTERATIONAL and exercise caution in dealing with any individuals or group of persons
soliciting investments or recruiting investors for and on behalf of EINS ANGELO RUIZ
VALENCIA through ELITE ALLIANCE VERA TRADE SYSTEM OPC/ELITEALLIANCEVERA
CO
MPUTER TRADING/ELITE ALLIANCE VERA TRADE LTD/ELITE ALLIANCE VERA
TRADE INTERATIONAL.
Should you have any information regarding any investment solicitation by any
individuals or group of individuals on behalf of
EINS ANGELO RUIZ VALENCIA through
ELITE ALLIANCE VERA TRADE
, please send your report to the ENFORCEMENT AND INVESTOR
PROTECTION DEPARTMENT at
epd@
sec.gov.ph
.
For the guidance of the public.
Pasay City, 9 September 2021