Aside from Freedom Traders Club (FTC), the Securities and Exchange Commission (SEC) issued separate advisories against four more online investment firms due to absence of necessary permits to operate in the Philippines. One of the company on the list, Purewealth (Purepound) has a scheduled promotional event in Cagayan de Oro on September 1.

In its advisories, SEC maintained that the following companies are “not authorized to solicit investments from the public.” Click on the link to download the Advisory.

Meanwhile, here’s SEC Advisory on Initial Coin Offerings. – SEC ADVISORY posted January 8, 2018

The SEC urged anyone who has knowledge or information about any business transaction involving these securities or investment opportunities to report such activity so that appropriate actions could be taken through the Enforcement and Investor Protection Department at (02)818-6337 or (02)818-6047 or email at

Here’s a screenshot of SEC’s webpage of its advisories.

Read related article form GMA News below.

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