SEC stops Chiyuto's illegal investment scheme
The Securities and Exchange Commission (SEC) has barred Chiyuto Creative Wealth Documentation Facilitation Services from soliciting investments from the public through a double-your-money roulette game. In an order issued on Feb. 1, the Commission directed Chiyuto, which registered as a sole proprietorship and later on as a one-person corporation (OPC), to cease and desist, under pain of contempt, from selling and/or offering securities in the form of investment contracts until it has filed and secured the necessary license. The SEC further enjoined Chiyuto and Creative Wealth OPC from transa...
Source: pia.gov.ph