SEC Facebook

The Securities and Exchange Commission has received information that
individuals or group of individuals representing
RM TRADING
led by
ROMNICK MIALA
(assisted by
a certain
Jane Quintana
and
Nelson Tubungbanua
)
are enticing the public
to invest their money in the said entity with the promise of monetary rewards or
profits.
Romnick Miala offers an investment scheme where investor
s
shall earn:
1.
40% Passive Income Monthly;
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2
2.
10% Direct
Referral Bonus;
3.
10% Referral Passive Income Monthly;
and
4.
Gadget Incentives for Top Leaders.
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3
Allegedly, RM Trading is a group of crypto traders and play
–
to
–
earn players
where it entices the public to invest into their scheme for as low as Php1,000.00
and
promising the above
–
mentioned income. It foists a con game upon the public that the
money invested with them shall be used in playing, breeding, and selling of Axies.
Those who are duped into their scheme are instructed to remit their
investments
to the following accounts:
As admitted by the operators,
RM TRADING
is not a registered entity with this
Commission nor does it intend to register with any government agency.
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4
Having no primary registration with this Commission, it follows that
RM
Trading is
NOT AUTHORIZED
to solicit investments from the public since it
can
n
ever
secure
the required and necessary
registration and/or license from the
Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code
taking into consid
eration as well that the scheme it offers is within the context of a
ponzi scheme
where
the main source of income that shall in turn be distributed
among the
investors
primarily c
o
me
s
from the investment of the incoming
investors
.
Worthy to note that just playing, breeding, and selling of Axies cannot
sustain the promised return being guaranteed by RM Trading.
Accordingly, the Commission warns all unscrupulous individuals and/or
entities that
strict penalties are imposed for vi
olations 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
RM 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 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
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 t
o 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 Exchange Commission vs. Oudine Santos (G.R. No. 195542,
19 March 2014)
.
Further, the names of all th
ose involved will be reported to the
Bureau of
Internal Revenue (BIR)
so that the appropriate penalties and/or taxes be
correspondingly assessed.
In view thereof, the public is advised
NOT TO INVEST
or
STOP INVESTING
in
any investment scheme being offered by
ROMNICK MIALA, NELSON
TUBUNGBANUA, JANE QUINTANA
,
and
/or
any other person acting on their behalf
through
RM TRADING
and exercise caution in dealing with any individuals or group
of persons soliciting investments
or recruiting investors for and on behalf of
ROMNICK MIALA, NELSON TUBUNGBANUA, JANE QUINTANA
through
RM
TRADING
.
Should you have any information regarding any investment solicitation by any
individuals or group of individuals on behalf of
ROMNICK MIALA, NELSON
TUBUNGBANUA, JANE QUINTANA
through
RM TRADING
.
,
please send your report
to the ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
7
October
2021.