SEC Facebook

This
Advisory is prompted by inquir
ies
received by the Securities and
Exchange Commission (“SEC”)
from the public on whether
or not
SFCShare
is
registered with the SEC
and has the necessary Se
condary License to solicit
investment from the public.
SFC
claims to be
an
“
interactive alliance advertising service platform
”
for
Philippine online e
–
commerce, Internet companies and online self
–
media people and
other cooperative groups.
Through its
SF
C Employee Rewards and Benefit Program
, o
ne may invest
money
in the
minimum amount of P
hp200.00 for
the entry
Employee L
evel
of “Intern”
to as high as P
hp12,000.00
for “
Employee VIP 3
.
”
The investor may then earn a
daily income of Php150.00 for the Intern
Employee Level to as high as Php540.00
for the Employee VIP 3, as shown in the table below:
In addition, a
n investor can also earn the following:
(1)
Php300.00
–
Php3,000.00
Invitation reward;
and
(2)
1
–
5
% Commission for the task
s
completed ever
y day
.
Briefly, an “
investment contract”
exists when there is an investment or
placement of money in a common enterprise with a reasonable expectation of profits
to be derived from the efforts of others which is prominent in the scheme of
SFCShare.
As s
uch, the Securities Regulation Code (SRC) requires that said offer and
sale of securities must be duly registered with the Commission and that the
concerned entity and/or its agents should have the appropriate registration and/or
license to sell such secur
ities to the public.
Based on the Commission’s database,
SFCShare
,
is
NOT REGISTERED
as
a corporation or partnership and
OPERATES WITHOUT THE NECESSARY
LICENSE
AND/OR AUTHORITY
to solicit, accept or take investments/placements
from the
public nor to is
sue investment contracts and other forms of securities
defined under
Section 3 of the Securities Regulation Code (SRC)
.
Further, the scheme employed by
SFCShare
,
shows indication of a possible
“Ponzi Scheme”
where monies from new investors are used in p
aying “fake profits”
to prior investors and is designed mainly 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 inves
tment contracts using
the
“Ponzi Scheme”
which is fraudulent and unsustainable, 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
INVESTING
in the investment scheme being offered by
SFCShare
,
and its
representatives.
Those who act as salesmen, brokers, dealers or agents of
SFCShare
,
in
selling or convincing people
to invest in the investment scheme being offered by the
said entity including soliciting investments or recruiting investors through the internet
may be held criminally liable under Section 28 of the SRC and penalized with a
maximum fine of Five Million P
esos (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
).
Furthermore, the names of all those involved will be reported to the Bureau of
Internal Reve
nue (BIR) so that the appropriate penalties and/or taxes be
correspondingly assessed.
Should you have any information regarding the operation of
SFCShare
,
and
its representatives, please send your report through email at epd@sec.gov.ph
For the infor
mation and guidance of the public.
Pasay City, 23
February 2022.