SEC Facebook

Based on the information gathered by the Commission, a number of individuals
or group of persons claiming to represent
EM
–
POWER8 BEAUTY AND WELLNESS
TRADING
,
headed by
BETTY F. QUILLING
,
are enticing the public to invest their
money in said entity.
As posted online,
EM-POWER8 BEAUTY AND WELLNESS TRADING
is
offering investments to the public w
ith a minimum amount worth Php1
00
and promises
earnings of
80
% of their investment in
15
days
.
Investors also have the chance to earn more through the following:
1.
10% commission thro
ugh Direct Referral Bonus (DRB)
2.
1% commission through Indirect Referral Bonus (INDRB) down to the 6th
level
Interested Individuals will sign up through
their website (
https://www.em
–
power8.com/affiliate/login.php
) and choose w
hich amount they opt to invest where
they
will earn 80% of their investment after 15 days.
A 40% payout will be earned each week for a total of 80%. The payout may only
be withdra
wn on the 15th day.
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
EM
–
POWER8 BEAUTY AND WELLNESS
TRADING
is not registered with the Commission either as a corporation or a
s 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 Sections
8 and 28 of the SRC.
Hence, those who act as salesmen, broke
rs, dealers or agents or claim to act as
such for
EM-POWER8 BEAUTY AND WELLNESS TRADING
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 pros
ecuted 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
sanctioned or penalized accordingly as held by the Supreme Court in the case of
Securities
and Exchan
ge 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
EM-POWER8 BEAUTY AND WELLNES
S TRADING
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
EM
–
POWER8 BEAUTY
AND WELLNESS TRADING
or any securities solic
itation activity by any individual or group
of individuals representing
EM-POWER8 BEAUTY AND WELLNESS TRADING
, 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,
22
July 2021