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SEC-Davao warns vs investing in KAPA-linked MER’S Business Center  May 9, 2021 | 7:52 pm SEC PHOTO RELEASE THE SECURITIES and Exchange Commission’s (SEC) Davao office has issued a public warning against putting money into or acting as coordinator for MER’S Business Center, which does not have a permit for investment operations. In an advisory issued over the weekend, the agency said MER’S is not registered as a corporation or partnership, much less holds a license to sell securities. “An investment scheme is illegal when entities or individuals are taking in invest...

BusinessWorld May 10, 2021 | 12:05 am Keren Concepcion G. Valmonte THE Securities and Exchange Commission (SEC) has flagged five entities in the first week of May for offering unlicensed investment programs to the public. Hedge Trading, Coco-J Funds Corp., and Coco-J Funds Digital Marketing Services are all not registered with the commission either as a corporation or as a partnership. The three entities also do not have licenses to sell securities or collect investments. Jonas Lapada-led Hedge Trading promises a 30% return in 15 days for every P500 minimum investment. The sch...