Autotrade International/Autotrade Computer Software Trading is NOT REGISTERED as a corporation or partnership
Date Posted: 6 April 2022
The Securities and Exchange Commission (“Commission”) has received
information that individuals or group of persons representing AUTOTRADE
INTERNATIONAL/AUTOTRADE COMPUTER SOFTWARE TRADING have been
soliciting investment from the public.
AUTOTRADE INTERNATIONAL is not registered with the Commission as a
corporation or partnership. However, it has been granted a Certificate of Business
Name Registration by the Department of Trade and Industry’s under the name of
AUTOTRADE COMPUTER SOFTWARE TRADING which is owned and operated by
JHANEL BERNARDO HAYAGAN (“Mr. Hayagan”).
Mr. Hayagan declares that his company offers investments where investors’
monies are being transferred to a Binance wallet and the “bot” will automatically trade
in whatever cryptocurrency.
AUTOTRADE INTERNATIONAL promises investors to earn 50% in just 15 days.
The scheme of AUTOTRADE INTERNATIONAL falls within the definition and
category of Ponzi scheme as there seems no clear legitimate source of income from where
the promised earnings to its members shall be generated except from the membership fee
or investment of incoming members.
AUTOTRADE INTERNATIONAL/AUTOTRADE COMPUTER SOFTWARE
TRADING is not authorized to solicit investments from the public as these entities are
NOT REGISTERED with the Commission and cannot therefore secure prior registration
and/or license to solicit investments from the Commission as prescribed under Section
8 of the Securities Regulation Code.
Further, AUTOTRADE INTERNATIONAL/AUTOTRADE COMPUTER
SOFTWARE TRADING is NOT REGISTERED as a Virtual Asset Service Provider (VASP)
with the Bangko Sentral ng Pilipinas (BSP) and DOES NOT HAVE A CORRESPONDING
CERTIFICATE OF AUTHORITY as a Money Service Business (MSB) required under the
Guidelines for Virtual Asset Service Providers (BSP Circular No. 1108, Series of 2021).
In addition, AUTOTRADE INTERNATIONAL/AUTOTRADE COMPUTER
SOFTWARE TRADING DOES NOT APPEAR among those listed as registered MSBs as
of January 2021 with the Anti-Money Laundering Council under the Anti-Money
Please be reminded that the offering and sale of such securities in the form of
investment contracts using the “Ponzi Scheme” is fraudulent and unsustainable and is NOT
a registrable security. The Commission will NOT ISSUE a Permit to Offer and Sell
Securities to the Public to persons or entities that are engaged in this business or
Accordingly, 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 of the Philippines 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
AUTOTRADE INTERNATIONAL/AUTOTRADE COMPUTER SOFTWARE TRADING vis-à-
vis JHANEL BERNARDO HAYAGAN 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
Also, 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 view thereof, the public is advised NOT TO INVEST or STOP INVESTING in any
investment scheme being offered by AUTOTRADE INTERNATIONAL/AUTOTRADE
COMPUTER SOFTWARE TRADING and JHANEL BERNARDO HAYAGAN as well as to any
other entities having the same or similar schemes and to exercise caution in dealing with
any individuals or group of persons soliciting investments or recruiting investors for and on
behalf of AUTOTRADE INTERNATIONAL/AUTOTRADE COMPUTER SOFTWARE
Should you have any information regarding any investment solicitation by any
individuals or group of individuals on behalf of AUTOTRADE
INTERNATIONAL/AUTOTRADE COMPUTER SOFTWARE TRADING vis-à-vis JHANEL
BERNARDO HAYAGAN, please send your report to the ENFORCEMENT AND INVESTOR
PROTECTION DEPARTMENT at firstname.lastname@example.org.
For the guidance of the public.
Pasay City, 05 April 2022.