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Editorial: Another investment scam

The Securities and Exchange Commission-Davao advisory on the REPA/REPA Paluwagan money investment scheme (Photo courtesy of SEC - Davao) DAVAO CITY - The Securities and Exchange Commission (SEC) in Davao has warned the public on Wednesday against investing in the new money scheme called Repa Paluwagan. In a statement, the SEC-Davao clarified that the operation of the entity is a "Ponzi Scheme," an investment fraud that involves the payment of purported returns to existing investors from funds contributed by the new investors. Data from the Davao City Anti-Scam Unit (ASU) revealed tha...

DAVAO CITY—Be smart in investing. This is the advice the Securities and Exchange Commission (SEC) could give in commemorating last week’s World Investor Week in a sharp rebuke to the spike in scamming activities in the country as crooks beguile on newbies in financial transaction, notably in mobile banking and…

The Securities and Exchange Commission (SEC) is calling on the public to secure their financial future by becoming smart investors and not become victims of scams. The commission issued this call as it joins the celebration of World Investor Week, a global campaign by the International Organization

MANILA - The Securities and Exchange Commission (SEC) is calling on the public to secure their financial future by becoming smart investors, as it joins the celebration of World Investor Week from October 4 to 10. The World Investor Week is a global campaign by the International Organization of Securities Commissions (IOSCO) that encourages securities regulators to put a spotlight on efforts to promote investor protection. This year's theme focuses on sustainable finance and the prevention of frauds and scams. "The SEC is pleased to take part in this year's World Investor Week, ta...