IX TRADE /IXTRADE is NOT registered with the Commission either as a corporation or a partnership
Date Posted: 15 April 2021
IX TRADE
The Securities and Exchange Commission has received information that individuals or
group of persons representing
IX TRADE
/
IXTRADE
with
website
,
http://www.ixtrade.net
and
through FACEBOOK pages
,
“IXTRADE Legitimate”, “Ixtrade.net”, “IXTRADE
–
TEAM PANALO”
and
“INGRID ARCHE”
are
engaged in
UNAUTHORIZED
investment
–
taking activities.
IX TRADE
/
IXTRADE
guarantees
that for money invested ranging from P
hp
500
–
Php20,000,
investors shall earn
150% after 12
days
with a
referral bonus of 20%.
Page
2
of
2
A
llegedly
,
the earnings
shall be generated
from trading in the
forex and cryptocurrency
markets.
As the aforementioned scheme involve
s
the
offering 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 corporation and/or its agent
s
have appropriate
registration and/or license to sell such sec
urities to the public pursuant to Section 8
and 28
of
the SRC.
The public is hereby informed that
IX TRADE
/
IXTRADE
is
NOT
registered with the
Commission either as a corporation or a partnership. It 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
and 28
of the S
RC
.
Further,
IX TRADE
IXTRADE
is also
NOT REGISTERED
either as a crowdfunding
intermediary or a funding portal u
nder SEC Memorandum Circular No. 14, Series of 2019 or
the
Rules and Regulations Governing Crowdfunding.
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 or
accordingly sanctioned or penalized in accordance with the Supreme Court deci
sion in the case
of
SEC vs. Oudine Santos
(G.R. No. 195542, March 19, 2014).
The Commission further reminds the public, that as early as 31 October 2018 the
Commission issued an advisory
for the public
to stop engaging in Foreign Exchange Trading and
to s
top
investing in
investment platforms of commodity futures, contracts for difference,
indices, binary options and the like.
In view thereof, the public is hereby advised to exercise caution before investing in
these kinds of activities and to take the necessary precautions in dealing with
IX TRADE
IXTRADE
and
its representatives.
The Commission urges anyone who has knowledge or information about any business
transactions involving these securities or investment opportunities to report such activities so
that appropriate actions could be taken through the email of the Enforcement an
d Investor
Protection Department at
[email protected]
.
For the guidance of the public.
Pasay City, 15 April 2021