FOREIGN EXCHANGE TRADING IS ILLEGAL IN THE PHILIPPINES
Posted 31 October 2018

SEC ADVISORY

30  October 2018

 

FOREIGN EXCHANGE TRADING IS  ILLEGAL IN THE PHILIPPINES

 

The public is hereby advised to STOP engaging  in Foreign Exchange Trading  and to STOP   investing in foreign-registered investment platforms of commodity futures, contracts for difference,  indices, binary options and the like.  Further, the SEC advises the public  that persons and entities acting as brokers,  salesmen or agents  of these securities have  NO LICENSE to engage or deal in any manner with these securities and should therefore be  AVOIDED or IGNORED.

 

Please find the link to the previously issued advisories of the commission:

 

http://www.sec.gov.ph/wp-content/uploads/2018/08/2018Advisory_FreeTrainingSeminarsPromotingForeign-RegisteredElectronicInvestmentPlatforms.pdf

 

http://www.sec.gov.ph/wp-content/uploads/2018/05/2018Advisories_Blazing-Traders.pdf

 

http://www.sec.gov.ph/wp-content/uploads/2016/11/2016SECAdvisoryForex.pdf

 

The public is encouraged to report to the Commission entities and/or persons operating Foreign Exchange Trading platforms and those acting as brokers, salesmen or agents  of these operators  to the  Enforcement and Investor Protection Department (EIPD) at  telephone numbers  818-76-50 and 818-63-37.