TECK RESOURCES LIMITED of Canada and SUNLIFE MANAGEMENT COMPANY, INC. IS NOT IN ANYWAY CONNECTED WITH TECK MINING OR TO ANY INVESTMENT BEING OFFERED THROUGH TECKPH.COM
Date Posted: 18 November 2022
This is to inform the public that TECK RESOURCES LIMITED of Canada and SUNLIFE MANAGEMENT
COMPANY, INC. IS NOT IN ANYWAY CONNECTED WITH TECK MINING OR TO ANY INVESTMENT BEING
OFFERED THROUGH TECKPH.COM. Further, the public is hereby advised NOT TO INVEST or to STOP
INVESTING in the investment scheme being offered by teckph.com / Teck Mining and its agents or
This Advisory is prompted by reports and information gathered by the Commission that a group of
persons representing themselves as officers or agents of Teck Mining are enticing the public through social
media platforms to invest in the mining company via “teckph.com”. The Commission likewise received
information that in offering the investment, its representatives are making representations that Teck Mining
is related to Teck Resources Limited of Canada and UK. The Sun Life Management Company, Inc.’s insurance
certificate form is also used to make it appear that investments in Teck Mining through the teckph.com
website are insured.
TECKPH.COM uses a modified website material of the legitimate mining company Teck Resources
Limited without due authority. To invest, potential investors are instructed to download its trading application
available in Google Play Store. Potential investors are contacted by individuals acting as representatives or
agents through social media messaging platforms such as Telegram to introduce the procedures of the
investment scheme. Thereafter, potential investors are offered to invest as low as Php100.00 at a daily
interest rate income of not less than 2%. Thus, an investment of Php5,000.00 has the potential to earn as
much as 40% or equivalent to Php2,000 within a 20-day cycle.
Briefly, an “investment contract” is a security that 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. This definition encompasses the investment being offered by teckph.com / Teck Mining. On the other
hand, Section 8 .1 of the Securities Regulation Code (SRC) prohibits the selling or offering for sale to the public
within the Philippines, of unregistered securities or investment contracts.
Based on the Commission’s database, teckph.com /Teck Mining 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 issue investment contracts and other forms of
securities defined under Section 3 of the Securities Regulation Code (SRC). Further, it appears that teckph.com
/ Teck Mining does not constitute a legitimate business that would generate a genuine income.