E-TON TRADING / ETON PHIL TRADING / E-TON TRADING: PROFIT SHARING is NOT AUTHORIZED TO SOLICIT INVESTMENT FROM THE PUBLIC
Date Posted: 23 February 2023
This is to inform the public that E-TON / ETON PHIL TRADING / E-TON PROFIT SHARING is NOT AUTHORIZED TO SOLICIT INVESTMENT FROM THE PUBLIC. Based on information from reports and data gathered from open sources, E-TON / ETON PHIL / E-TON PROFIT SHARING.is an entity that allegedly deals with the selling of frozen goods. As posted by E-TON TRADING / ETON PHIL TRADING / E-TON TRADING: PROFIT SHARING’s admins in Facebook Groups, you can invest by finding an account handled by an admin then choosing your desired option. Options and amount of investment may vary from A to D and the time the option was offered to the public. The investor may invest from Php5,000 to Php100,000 and can earn Php1,250 to Php39, 062.5 or 20% up to 50% per month depending on the option that the investor has chosen. The investor may also earn rebate bonus of 5%for fresh cash-ins. Further, the longer the lock-in period, the higher the investor may earn. In this regard, the public is made aware that an “investment contract,” which is a kind of security, 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 E-TON TRADING / ETON PHIL TRADING / E-TON TRADING: PROFIT SHARING. As such, the Securities Regulation Code (SRC) requires that said offer and/or 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. Based on the Commission’s database, E-TON TRADING / ETON PHIL TRADING / E-TON TRADING: PROFIT SHARING, 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, the scheme employed by E-TON TRADING / ETON PHIL TRADING / E-TON TRADING: PROFIT SHARING has the characteristics of a “Ponzi Scheme” where money from new investors are used in paying “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 investment 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 E-TON / ETON PHIL TRADING / E-TON PROFIT SHARING, and its representatives. Those who act as salesmen, brokers, dealers, agents, representatives, solicitors, operators, promoters, recruiters, uplines, influencers, endorsers, abetters and enablers of E-TON / ETON PHIL TRADING / E-TON PROFIT SHARING, 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 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).