SEC Facebook

Based on information gathered by the Commission,
ROYAL Q/
ROYAL Q
GLOBAL/
ROYAL Q MOBILE APP/ROYAL QUANTITY INVESTMENT MANAGEMENT CO.,
LIMITED
is engaged in
UNAUTHORIZED
investment
–
taking acti
vities in the Philippines.
ROYAL Q/
ROYAL Q GLOBAL/
ROYAL Q MOBILE APP/ROYAL QUANTITY
INVESTMENT MANAGEMENT CO., LIMITED
claims that it is
a
super intelligent app that
executes automized operations and monitored in real time through algorithms of big
data,
adjusting itself by market conditions in real time 24 hours a day and 7 days a week.
As posted online,
ROYAL Q/
ROYAL Q GLOBAL/
ROYAL Q MOBILE APP/ROYAL
QUANTITY INVESTMENT MANAGEMENT CO., LIMITED
claims that it is a pr
ofitable robot
having lucrat
ive
gains with an average daily profit of
0.3%
–
0.5%
or up to 2%
–
6% per day
depending
on what membership plan you subscribed
. There are six (6) membership plan
s
that you can choose
from
. To start,
you need to download
ROYAL Q MOBILE APP
available in
App Sto
re and Google Play. Then you need to connect to either
Binance
or
Huobi
(both crypto
trading platform) through
API Management
.
An
initial capital/investment/activation fee amounting to One Hundred Twenty Dollars
($120)
for annual subscription
or its
equivalent i
n Philippine Currency is needed to activate the
account
plus Twenty Dollars $20 for gas fee or fuel fee.
In addition, their
investor
s
can also earn from
: (1)
direct referral ranging from 30% or
$30 dollars up to
70% or $70; (2) divi
dend b
onus from 20% up to 60% on the performance fee
of 20% of the profits
generated by the bot, each time it makes profit for the users di
rectly in the
respective stalls; and
(4) lastly,
5% pairing b
o
n
u
s and 5% global dividends.
Briefly, an “
investment cont
ract”
exists when there is an investment or placement
of money in a common enterprise with a reasonable expectation of profits to be derived
from the efforts of others which is prominent in the scheme of
ROYAL Q/
ROYAL Q
GLOBAL/
ROYAL Q MOBILE APP/ROYAL QUAN
TITY INVESTMENT MANAGEMENT
CO., LIMITED
.
As such, the Securities Regulation Code (SRC) requires that said offer and sale of
securities must be duly registered with the Commission and that the concerned entity
and/or its agents should have the appropriate
registration and/or license to sell such
securities to the public.
Based on the Commission’s database,
ROYAL Q MOBILE APP
is
NOT
REGISTERED
as a corporation or partnership and
OPER
ATES WITHOUT THE
NECESSARY
LICENSE
AND/OR
AUTHORITY
to
solicit,
accept
or
take
investments/placements from the public nor to issue investment contracts and other
forms of securities defined under Section 3 of the Securities Regulation Code (SRC)
.
Further,
the scheme employed by
ROYAL Q MOBILE APP
shows
indication of a possible
“Ponzi Scheme”
where
monies from new investors are used in
paying “fake profits” to prior investors
and is d
esigned mainly to favor its top recruiters
and prior risk takers and is detrimental to subsequent members in case of scarcity of
new investors.
The offering and selling of securities in the form of investment contracts using the
“Ponzi Scheme”
which is
fraudulent and unsustainable, is
NOT
a registrable security. The
Commission will not issue a License to Sell Securities to the Public to persons or entities that are
engaged in this business or scheme.
In view thereof, the public is hereby advised to
STO
P INVESTING
in the
investment scheme being offered by
ROYAL Q/
ROYAL Q GLOBAL/
ROYAL Q MOBILE
APP/ROYAL QUANTITY INVESTMENT MANAGEMENT CO., LIMITED,
and its
representatives.
T
hose who act as salesmen, brokers, dealers or agents of
ROYAL Q MOBILE APP
in selling or convincing people to invest in the investment scheme being
offered by the said entity including soliciting investments or recruiting investors
through the internet may be hel
d criminally liable under Section 28 of the SRC and
penalized with a
maximum fine of Five Million Pesos (Php5,000,000.00) or
imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC
(
SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2
014
).
Furthermore, the names of all those involved will be reported to the Bureau of
Internal Revenue (BIR) so that the appropriate penalties and/or taxes be
correspondingly assessed.
Should you have any information regarding the operation of
ROYAL Q MOBILE APP
and its representatives,
please send your report through email at
epd@sec.gov.ph
For the information and guidance of the public.
P
asay City,
12
October 2021