SEC Facebook

The Commission has received information that individuals or group of persons
representing
LENDVEST INTERNTIONAL
are enticing the public to
invest in the said entity.
Based on the information gathered by the Commission,
LENDVEST
entices the
public to invest by offering investment packages from
Php1000.00 up to
Php1,000,000.00 with a return of up to Ph
p23,298,090.00 for one (1) year
;
details
of the offering are as follows:
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 ag
ents have appropriate registration and/or
license to sell such securities to the public pursuant to Section 8 and 28 of the SRC.
The public is hereby informed that
LENDVEST INTERNTIONAL
is not registered with the
Commission as a corporation or partnership and is
NOT
authorized to offer, solicit, sell
or distribute any investment/securities to the public. Such activities require a
Secondary License from the Commission and the securities or investment product
should likewise be registered with the SEC before they can b
e offered or sold to the
public under Sections 8 and 12 of the Securities Regulation Code (SRC).
Consequently, those who act as salesmen, brokers, dealers or agents of
LENDVEST
in selling or convincing people to invest in their investment schemes
inclu
ding solicitations or recruitment through the internet may likewise be prosecuted
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 maximum penalty of Twenty
–
One (21)
years i
mprisonment 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
cas
e of
Securities and Exchange Commission vs. Oudine Santos
(G.R. No. 195542, 19
March 2014).
In view thereof, the public is hereby advised to
NOT TO INVEST
or
STOP
INVESTING
in the investment schemes being offered by
LENDVEST INTERNTIONAL
or its
representatives
.
Should you have any information regarding the operation of the subject entities,
you can send your report to the EIPD at epd@sec.gov.ph.
For guidance of the public.
Pasay City, 06 July 2021