SEC Facebook

The public is hereby warned concerning the investment
–
taking activities of
VICTORICH / www.victorich.ph
/
VICTORICH TRADES COMPANY
headed by a
certain
VICTORIO SALVADOR, a.k.a. VRICH
SALVADOR
.
Based on the information gathered by the Commission,
VICTORICH /
www.victorich.ph
/
VICTORICH TRADES COMPANY
is propagating investment
–
taking
schemes which promise lucrative returns.
VICTORICH / www.victorich.ph
/
VCTORICH
TRADES COMPANY
is enticing
the public to be “co
–
producers” of its program by purchasing a packag
e for a minimum of
Php500 inclusive
of 1 pc. Pepperm
int Essential Oil and 1 pc. Lave
nder Essential Oil
with
30% profit in 30 days
, as illustrated below:
VICTORICH / www.victorich.ph
/
VICTORICH TRADES COMPANY
also offers
different ways to earn, as shown below:
The schemes of
VICTORICH / www.victorich.ph
/
VICTORICH TRADES
COMPANY
i
nvolve the offering and sale of securities in the form of Investment Contracts
to the public as investors need not exert any effort other than to invest or place monies in
VICTORICH / www.victorich.ph
/
VICTORICH TRADES
COMPANY
in order to
generate income.
As we always keep on reminding the public, such investment opportunities are in
the nature of investment contracts, which in turn are considered as securities subject to
the regulatory authority of this Commission
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 8.1 and 28.1 of the SRC.
Per records of the Commission,
VICTORICH / www.victorich.ph
/
VICTORICH
TRADES
COMPANY
is not registered as a c
orporation or partnership and 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 SRC.
Moreover,
VICTORICH
/ www.victorich.ph
/
VICTORICH TRADES
COMPANY
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, the Commission warns all unscrupulous individuals and/or entities
that
strict penalties are imposed for violations of the Securities Regulation Code,
the Revised Corporation Code, and such other rules and regulation enforced by
the Commission
.
Therefore, those who act as salesmen, brokers, dealers or agents or claim to act
as such on behalf of
VICTORICH / www.victorich.ph
/
VICTORICH TRADES
COMPANY
in selling or convincing people to invest in the investment scheme being
offered by said entitie
s 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 impriso
nment or both pursuant to Section 73 of the SRC.
Further, those who invite or recruit others to join or invest in such venture or offer
investment contracts 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 addition, the names of all those involved will be reported to the
Bureau of
Internal Revenue (BIR)
so that th
e 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
VICTORICH / www.victorich.ph
/
VICTORICH
TRADES
COMPANY
and exercise caution
in dealing with any individuals or group of
persons soliciting investments or recruiting investors for and on behalf of
VICTORICH /
www.victorich.ph
/
VICTORICH TRADES
COMPANY
.
Should you have any information regarding any investment solicitation by any
individuals or group of individuals on behalf of
VICTORICH / www.victorich.ph
/
VICTORICH TRADES
COMPANY
, please send your report to the ENFORCEMENT AND
INVESTOR PROTECTION DEPARTMENT at epd@sec.gov.ph.
For the guidance of the public.
Pasay City, 18 No
vember 2021