The Securities and Exchange Commission of the Philippines has issued an advisory against an illegal investing firm/group Just 950 dated October 20, 2016.
In the published SEC Advisory it states there that” This advisory is prompted by inquiries and reports to the Commission regarding JUST 950 wherein the public is invited to invest at least Php950.00 for one (1) slot with a promised pay out, net of deductions, of Php2,300.00. Pay outs of investments would allegedly be more than double the amount invested.”
SEC further reminds the public that company or group just 950 is not registered as a corporation or a partnership. This entity does not also have authorization on to solicit funds from the public for investing purposes.
SEC ends the Advisory with this warning:
“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 JUST 950, please call the Enforcement and Investor Protection Department at telephone numbers 584-6047 and 584-0923 loc. 281.”
Read the advisory on JUST 950 in full below:
Individuals are not allowed to encourage and accept investment funds from the public. All investment taking activities must be properly license by the Securities and Exchange Commission of the Philippines.
iSensey team found this alleged JUST950 Investment Plan and ROI graphic that shows Pay-in and Pay-out and how to send the money for online investment.
Currently, there is a waiver form circulating online that this allegedly made by the couple behind Just950 with the purpose of having their clients certify that they acknowledge Just 950 and the couple behind it as clients’ authorize financial manager.
The number 2 clause even states that the client who will sign the waiver gave the couple full authority on the fund/cash/money that client willingly deposited/remitted to the said couple, despite of the risk and illegalities involved. It is strongly advised that clients of Just 950 NOT TO SIGN this waiver or document and to report right away to SEC.
The couple has received a demand letter from the lawyers of COL Financial, the stock brokerage firm that PLAN 950 (correct name: JUST 950) used for their illegal investment activities. Their account with COL Financial is suspended while investigation is on-going.
Protect your hard-earned money. Invest only with legitimate financial institutions and investing firms.
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