SEC INVESTOR ALERT
The Securities and Exchange Commission has advised the public against dealing with the following entities due to their unauthorized solicitation of investments without the necessary license from the Commission:
1. HOUSE OF FOREX / H. FLORES BUSINESS CONSULTANCY SERVICES
2. FOTO TRADING INTERNATIONAL
3. HARVESTCTMALL
4. CRYPACE LIMITED / CRYPACE FINANCIAL CONSULTANCY SERVICES
5. DNKC CORPORATION
6. GAINZ PHILIPPINES
7. S&M VENTURES
8. SALON DE ALEXIS
Some of these groups’ investment schemes or actions resemble a pyramid/Ponzi scheme, where investors earn through recruitment fees instead of the sale of actual products/services, and investors are paid using the contribution of new members, according to the SEC. ### (PR)
