SEC Facebook

Based on the information gathered by the Commission, a number of individuals or group
of persons claiming to represent
TRIPLE G BUSINESS CONSULTANCY SERVICES OPC
headed by its CEO, Found
er, and President
Gerald Gervacio Guevarra
are enticing the public
to invest their money in said entity.
As posted online,
TRIPLE G BUSINESS CONSULTANCY SERVICES OPC
is offering
the following Plan where an investor shall earn:
100% in just 30 days
for Plan A (for investment
below Php100,000.00);
240% in just 30 days
for Plan B and,
350% in just 45 days
for Plan C
(both for investment amounting to at least Php100,000.00).
Moreover, it is offering Leadership Bonus and Direct Referrals for its recr
uitment
scheme.
Accordingly,
Gerald Gervacio Guevarra
,
through his company
,
shall use the investors’
money to trade in a highy
–
volatile asset class of cryptocurrency from which the supposed
guaranteed income shall be derived.
While
TRIPLE G BUSINESS C
ONSULTANCY SERVICES OPC
(with Facebook
account
“
TRIPLEG
”
and
website “
WWW.TRIPLEGTRADING.COM
”) was able to register with
this Commission
on 11 June 2021 under Company Reg. No. 2021060016324
–
02
, it is worth
emphasizing that its registered purpose is:
“To en
gage in the business of providing consultancy services, technical advice to individuals,
partnerships, corporations, associations and other assets for commercial, industrial or reorganization of
business enterprises for both local and foreign organization;
conduct research, feasibility studies, surveys
internationally for purposes of identifying prospective opportunities and carry through all stages of
development and other productive enterprises, ventures or projects and in the process provide information
on the economic trends and market development,
except to act as financial and investment houses
advisor.
;
Provided that the corporation shall not solicit accept or take investments/placements
from the public neither shall it issue investment contracts
.” (
bold underscoring for emphasis)
Further, its Certificate of Incorporation explicitly highlighted:
Clearly,
the issuance of a Certificate of Incorporation only grants the said entity juridical
personality but
does not constitute an authority o
r license for the corporation to engage in
activities such as solicitation of investments, issuance of investments contracts, offering
and sale of investment contracts that require a secondary license
.
The above described schemes involved the sale of secu
rities 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 t
o Section 8 of the SRC.
To reiterate, while
TRIPLE G BUSINESS CONSULTANCY SERVICES OPC
is registered as
a One
–
Person Corporation with this Commission,
HOWEVER
, it is
NOT AUTHORIZED
to solicit
investments from the public since it has not secured prior regis
tration and/or license from the
Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code.
Similarly,
TRIPLE G BUSINESS CONSULTANCY SERVICES OPC
is not a registered
Virtual Asset Service Provider (VASP) with the Bangko Sentral ng
Pilipinas and does not have a
corresponding Certificate of Authority as a Money Service Business as required under Circular No.
1108, series of 2021 or the
Guidelines for Virtual Asset Service Providers
Hence, those who act as salesmen, brokers, dealers o
r agents or claim to act as such for
TRIPLE G BUSINESS CONSULTANCY SERVICES OPC
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 a
nd 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 or both pursuant to Section 73 of the SRC.
Also, those who invite or recruit o
thers 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 case of
Securities and Exchange
Commis
sion 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
TRIPLE G BUSINESS
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 operation of the subject entity, please call the
Enforcement and Investor Prote
ction 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, 07 September 2021