SEC Facebook

The Commission has received information that
TRADEXPERT/TradeXpert
Technology Information Services
is
engage
d
in
UNAUTHORIZED
investment
–
taking
activities.
TRADEXPERT/TradeXpert
Technology Information Services
headed by
Catherine R
amirez
Reyes
,
Rafaelito S. Ele
and
Mary Ann
Reyes
entices the public
to
join the company and
invest
a minimum of One Thousand Pesos (Php1,000.00) and
promises
10% daily interest in 20 days (double your
money in 20 days).
Based on the information gathered by the Commission, presented is the
computation of the daily interest being offered by
TRADEXPERT/TradeXpert
Technology Information Services
as shown in their Frequently Asked
Questions.
TRADEXPERT/TradeXpert Technology Information Services
also offer
s
a
Referral Program where investors can earn 10% referral bonus.
In addition,
TRADEXPERT/TradeXpert Technology Information Services
likewise
offer
s
Indirect
Referral Bonus where investors can earn an additional 5% on
every indirect referrals.
As the
aforementioned schemes involve the sale of securities to the public, the
Securities Regulation Code (SRC) requires that these securities are duly registered and
that the concerned corporation and/or its agents have appropriate registration and/or
license to sell such securities to the public pursuant to Section 8 of the SRC.
The public is hereby informed that
TRADEXPERT/TradeXpert Technology
Information Services
is
NOT
registered with the Commission either as a corporation or
a partnership.
However,
TradeXpert Technology Information Services
has been
issued a Certificate of
Business Name Registration
on
0
3
January 2021
by the
Department of Trade and Industry
with Business Name No. 2
371267 under the name of
CATHERINE RAMIREZ REYES
.
N
onetheless
,
TRADE XPERT 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 of the Securities and Exchange Commission.
Likewise, its name
DO
ES
NOT APPEAR
among the r
egistered banks, exchanges
or companies engaged in digital assets with the Bangko Sentral ng Pilipinas (BSP
) in
accordance with the
GUIDELINES FOR VIRTUAL CURRENCY EXCHANGES
(
BSP
CIRCULAR NO. 944
)
which
requires
all entities
engaged in Virtual Currencies
i
n the
Philippines
to obtain a Certificate of Registration to operate as remittance and transfer
company pursuant to the BSP rules and regulation
s.
Further,
TRADEXPERT/TradeXpert Technolo
gy Information Services
is also
NOT REGISTERED
either as a
crowdfunding intermediary or a funding portal under SEC
Memorandum Circular No. 14, Series of 2019 or the
Rules and Regulations Governing
Crowdfundin
g.
Consequently, those who act as salesmen, brokers, dealers or agents of
TRADEXPERT/TradeXpert Technolo
gy Information Services
in selling or convincing
people to invest in their investment schemes including 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 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 contr
acts or securities to 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).
In view thereof, the public is hereby advised to
STOP INVESTING
in the
investment schemes being offered by any individual or group or persons allegedly for or
on behalf of
TRADEXPERT/TradeXpert Technology Information Services
.
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 the subject entity,
please call the Enforc
ement and Investor Protection Department at telephone numbers
(02) 8818
–
6047 o
r send your report to the EIPD at
epd@sec.gov.ph
.
For guidance of the public
.
Pasay City, 23 March 2021

Should you have any information regarding the operation of the subject entity,
please call the Enforc
ement and Investor Protection Department at telephone numbers
(02) 8818
–
6047 o
r send your report to the EIPD at
epd@sec.gov.ph
.
For guidance of the public
.
Pasay City, 23 March 2021