SEC Facebook

This ADVISORY is prompted by reports and information gathered by the
Commission that individuals or group of persons representing
ELECTRONIC WORLD
TRADE PLATFORM
–
EWTP
,
are
enticing the public
,
through social media platform or
through their own independent websites, to invest in sai
d
entity.
ELECTRONIC WORLD TRADE PLATFORM
–
EWPT
, is a mobile application that
can be downloaded in
GOOGLE PLAYSTO
RE
.
Based on the mobile application,
ELECTRONI
C
WORLD TRADE PLATFORM
–
EWTP
claims to be
a
“
platform to help you
solve professional problems.
”
EWPT
further claims that it
is a
“
communication
community dedicated to the knowledge of Internet IT technology. It can quickly solve
various problems encountered
in
technolgy for free in the form of Q&A. It is a global
electronic trade paltform, which is initiated by the private sector and participated by
various stakeholders.
EWTP
can help developing countries, Small and Medium
Enterpises (SMEs) and young people
aro
und the world more easily enter the global
market and participate in the global economy.
”
As posted on the said mobile application, you can invest by registering first,
then you can choose from
its so
–
called
“
BIOMEDICINE
”
or
“
VIP ACTIVITIES.
”
In
BIO
MEDICINE
,
there are 14
types of medical supplies that you can choose
worth
Php300.00 up to Php60,000.00
valid for 3 days cycle up to 200 days cycle. The
investor can earn
Php420.00 up to Php720,000.00
.
I
n
VIP ACTIVITIES,
there are 6
types of VIP Level
s
tha
t you can choose
worth Php1,000.00 up to Php20,000.00
. The
investor can earn
Php3,000.00 up to Php500,000.00
valid for 1 day cycle up to 120
days cycle. And also,
an
investor can earn 15% commission rate for first level and 2%
for second level from Biomedi
cal regional prod
ucts. Lastly, the investor can earn 15%
for first level members and 1% for second level members in the VIP Activities.
Briefly, an “
investment contract”
exists when there is an investment or placement
of money in a common enterprise with
a
n
expectation of
profits to be derived from the
efforts of others which is prominent in
the scheme of
ELECTRONIC WORLD TRADE
PLATFORM
–
EWTP
.
As such, the Securities Regulation Code (SRC) requires that said offer and sale of
securities must be duly regist
ered with the Com
mission 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,
ELECTRONIC WORLD TRADE
PLATFORM
–
EWTP
,
is
NOT REGIS
TERED
as a corpor
ation or partnership and
OPERATES 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 t
he Securities
Reg
ulation Code (SRC)
.
Further, the
scheme employed by
ELECTRONIC WORLD TRADE PLATFORM
–
EWTP
,
has the characteristic
s
of a
“Ponzi Scheme”
where
money
from new investors
are used in paying “fake profits” to prior investors
and is designed mai
nly 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 unsustainabl
e, 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
NOT TO INVEST
or
to
STOP
INVESTIN
G
in the investment scheme being offered by
ELECTRONIC WORLD TRADE
PLATFORM
–
EWTP
,
and its
representatives.
Those who act as salesmen, brokers, dealers or agents
,
represent
a
tiv
e
s
,
promoters
,
uplines, recruiters, infl
u
e
ncers
, endorsers and
en
a
b
lers
of
ELECTRONIC
WORLD TRADE PLATFORM
–
EWTP
,
in selling or convincing people to invest in the
inv
estment scheme being offered by the said entity including soliciting investments or
recruiting investors through the internet may be held criminally liab
le 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 2014
).
Furthermor
e, 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
ELECTRONIC WORLD TRADE PLATFORM
,
and its representatives,
please send your report
through email at
epd@sec.gov.ph
.
For the information and guidance of the public.
Makati City, 13
D
ecember 2022