SEC Facebook

Based on the information gathered by the Commission, a number of individuals
or group of persons claiming to represent
JPCOMPANY ONLINE SHOP/JP
COMPANY
headed by
JOHN PAUL ACUZAR CHAN
, are
enticing the public to invest
their money in said entity.
JPCOMPANY ONLINE SHOP/JP COMPANY
is
offering
i
ts “
IWE
” (
I
nvest,
W
ait,
and
E
arn) System where an investor is
guaranteed a return
–
on
–
investment (ROI)
equivalent to 180% of his/her investment within 15 to 20 days only.
2
|
P a g e
In addition, a recruiter is entitled to a 5% Direct
–
Referral Bonus (DRB) from the
investment of his/her referrals.
As the above described
scheme involves
the sale of securities to the public
, the
Securities Regulation Code (SRC) requires that these securities are duly registered and
that the concerned
entities
and/or its agents have appropriate registration and/or license
to sell such securi
ties to the public pursuant to Section 8
and 28
of the SRC.
The
records of the Commission
show that
JPCOMPANY ONLINE SHOP / JP
COMPANY
is
not
registered with the Commission
either as
a corporation
or as a
partnership. However,
JPCOMPANY ONLINE SHOP
has been issued a Certificate of
Business Name Registration
on 20
January 2021
by the Department of Trade and Industry
with Business Name No. 2515205 under the name of its owner
,
John Paul Acuzar Chan
with a limited business scope confined to Barangay Ban
gkal in Makati City. Nonetheless
,
JPCOMPANY ONLINE SHOP
SHOP / JP COMPANY
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 pres
cribed under
Section 8 and 28 of the SRC
.
Hence, those who act as salesmen, brokers, dealers or agents or claim to act as such
for
JPCOMPANY ONLINE
SHOP
/
JP COMPANY
in selling or convincing people to invest
in the investment scheme being offered by said entity inc
luding 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 o
r 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 accordin
gly 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
JPCOMPANY ONLINE SHOP / JP COMPANY
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 operati
on of the subject entity, 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
9
April 2021