BIT-CRYPTORISING MARKETING CONSULTANCY and BCR RISING TRADE INC. is NOT registered with the Commission and operates without the necessary license and/or authority
Date Posted: 5 January 2023
BIT-CRYPTORISING MARKETING CONSULTANCY
This Advisory is prompted by posts on social media by individuals or marketing teams representing BIT-CRYPTORISING MARKETING CONSULTANCY and BCR RISING TRADE INC. apparently soliciting investments from the public. BIT-CRYPTORISING MARKETING CONSULTANCY and BCR RISING TRADE INC. recruits investors by offering investments ranging from One Thousand Pesos (P1,000.00) up to Three Hundred Thousand Pesos (P300,000.00).Investors can earn 15% per week accumulating up to 60% in 30or 120% for 60 days with additional benefits of 20% as partner rewards.
The aforementioned investment scheme of BCR RISING TRADE INC. and BIT-CRYPTORISING MARKETING CONSULTANCY clearly involves offering and sale of securities in the form of “investment contract” as defined under Section 3.1 of the Securities Regulation Code. 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 the marketing teams. As such, 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 securities to the public. Records of the Commission show that BCR RISING TRADE INC. is registered with the Commission on11 November 2022. However, such registration merely grants juridical personality to the corporation but does not authorize them to issue, sell or offer for sale securities to the public nor undertake business activities requiring a secondary license. Further, per records of the Commission, BCR RISING TRADE INC.is not authorized to solicit investments from the public as this entity did not secure prior registration and/or license to solicit investment from the Commission as prescribed under Sections 8 and 12 of the Securities Regulation Code.