RIGEN MARKETING
Posted 24 May 2019

 SEC ADVISORY

 The Commission has received information that individuals or groups of persons representing RIGEN MARKETING (“RIGEN”) are enticing the public to invest in the said entity online and through walk-in solicitations.

Accordingly, RIGEN is a new startup company based in Tagum City, Davao Del Norte and has expanded to other provinces of Davao Oriental, Occidental, Davao Del Sur, General Santos City, and other neighboring cities and municipalities.

Verily, its aim is “to help the financial needs of individuals by providing a concrete system allowing ordinary people to have solid additional income”.

Based on the information gathered by the Commission, RIGEN is engaged in soliciting investments and promises to the public a guaranteed return of 400% in just 30 days less or more.

The said invest scheme is illustrated below:

INVESTMENT RETURN/INCOME 400% REGISTRATION FEE
5K Turns – 20k 150
10K Turns – 40k 300
15K Turns – 60k 450
20K Turns – 80k 600
25K Turns – 100k 750
30K Turns – 120k 900
40K Turns – 160k 1200
50K Turns – 200k 1500

 

Allegedly, RIGEN is operated by personalities who are said to be “BIG PLAYERS” in FOREX and CRYPTO-CURRENCY Trading and duly licensed in Singapore.

Where the scheme involves the sale of securities to the public, SRC requires that the issuing person and/or entity must be a registered corporation with SEC, the said securities offered are duly registered and that the appropriate license and/or permit to sell securities to the public are issued to the corporation and/or its agents, pursuant to the provisions of section 8 and 28 of the SRC.

The public is hereby advised to exercise caution in investing their money in these types of schemes which may also turn out to be Fraudulent Investment Schemes, involving the sale of unregistered securities.

Those who act as salesman, broker or agents of RIGEN in selling or convincing people to invest in the investment scheme being offered, including solicitations or recruitment may likewise be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (P5,000,000) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC.

Likewise, those who sell or offer securities the public, may be held criminally liable or accordingly sanctioned or penalized pursuant to the Supreme Court Decision in the case of Securities and Exchange Commission (SEC) Vs. Oudine Santos (G.R. No. 195542, 19 March 2014).

 

Should you have any information regarding    the     operations     of    the   subject      entities, please call the Enforcement and Investor Protection Department at telephone numbers (02)818-6337 and (02)818- 5324.

For the guidance of the public.