TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP
TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP) is NOT registered with the Commission either as a corporation or a partnership and is not authorized to solicit investments from the public.
Posted 10 January 2020

The Commission has received numerous reports regarding the activities of an entity using the following names: (1) TEACHERS FINANCIAL COACHING PROGRAM (TFCP); (2) TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP); (3) ELITE TEACHERS FINANCIAL PROGRAM (ETFP); and (4) TEACHERS FINANCIAL PROGRAM (TFP).

 

Based on the information gathered by the Commission, TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP) has been enticing the public school teachers to investment an amount of  Php115,000.00 or assist the teachrs to obtaini a loan from a bank for the said amount in exchange for Php 11,000.00 worth of Royale beauty products/food supplements and a  cheque amounting to Php 10,500.00.  However, the investor will be required to recruit new members to further receive another Php11,000.00 for each recruit.  Said entity likewise offers training seminars on financial literacy and promises a debt-free life, double net pay, owning a car, travel with family and savings in the bank.

 

The public is hereby informed that based on the records of the Commission, TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP)  is NOT registered with the Commission either as a corporation or a partnership.  Further, it is not authorized to solicit investments from the public as the abovementioned entity did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the Securities Regulation Code (SRC).

 

Those who act as salesmen, brokers, dealers, or agents of TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP) in selling or convincing people to invest in the investment scheme being offered by it including doing solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable under Section 28 of the SRC and penalized with a maximum fine of FIVE MILLION PESOS (P5,000,000.00) or a maximum penalty of TWENTY ONE (21) years imprisonment or BOTH pursuant to Section 73 of the SRC (SEC vs. Oudine Santos , G. R. No. 195542, 19 March 2014).

 

Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed.

 

In view of the foregoing, the public is hereby advised to exercise self-restraint from investing their money into such high-yield, high-risk investment scheme and to take the necessary precaution in dealing with individuals representing the above-named entity.

 

Should you have any information about the business operations of TEACHERS FINANCIAL COACHING PROGRAM (TFCP)/TEACHERS FINANCIAL FREEDOM PROGRAM (TFFP)/ELITE TEACHERS FINANCIAL PROGRAM (ETFP)/TEACHERS FINANCIAL PROGRAM (TFP), please call the Enforcement and Investor Protection Department at telephone numbers 8818-6047 or email at epd@sec.gov.ph.

 

For the guidance of the public.