Beware of Sunny Smart Asia/Sunny Smart Corp. Ltd.: Not Authorized to Solicit Investments

In this era of digital currencies and international business ventures, the public is continually enticed by promising investment opportunities. One such company, Sunny Smart Asia/Sunny Smart Corp. Ltd., has come under scrutiny due to unauthorized investment solicitation. Here we explore the specifics of the company and its activities, to help readers make informed investment decisions.

Sunny Smart Asia/Sunny Smart Corp. Ltd. allegedly represents an advanced UK-based company, partnered with the Philippines, that operates within the digital space, proclaiming to offer a risk-free platform for financial growth. Its website (www.sunnysmartasia.com) presents the company as a trusted entity, with a robust business model revolving around trading cryptocurrency, stock, and forex.

Using its ATRADE software, the company asserts to carry out transactions on some of the world's largest crypto platforms. Furthermore, it claims to employ the most modern technology and equipment for its specialists. According to Sunny Smart Asia/Sunny Smart Corp. Ltd., their profit structure from 2011-2020 remains a safe standard, helping to build a secure future for its partners.

The investment options offered by the company are rather intriguing. After registering on their website (https://sunnysmartasia.com/register), prospective investors can select from six plans with durations of forty to fifty days, offering daily earnings ranging from 2.8% to 3.3%, dependent on the chosen plan. Additional earnings can also be accrued through referral bonuses.

However, the Securities Regulation Code (SRC) and the Financial Products and Services Consumer Protection Act (FCPA) have regulations in place to protect the public from fraudulent investment schemes. Sunny Smart Asia/Sunny Smart Corp. Ltd.'s investment scheme appears to resemble a 'Ponzi Scheme,' promising high rates of return with minimal risk. This unsustainable and fraudulent system isn't a registerable security, hence cannot be licensed to sell securities to the public.

It is important to note that, according to official records, Sunny Smart Asia/Sunny Smart Corp. Ltd. is neither registered with the Commission as a corporation nor a partnership. It is also not authorized to solicit investments from the public, as it lacks the prerequisite registration and/or license from the Commission, as stated under Sections 8 and 28 of the SRC.

Therefore, it is advised to refrain from investing or halt any ongoing investments with Sunny Smart Asia/Sunny Smart Corp. Ltd. Exercise caution when interacting with individuals or groups soliciting investments allegedly on behalf of this entity. Those involved in the solicitation, sale, or recruitment for the investment scheme offered by Sunny Smart Asia/Sunny Smart Corp. Ltd., including internet-based solicitations, may be held criminally liable under Section 28 of the SRC and Section 11 of the FCPA.

These penalties include hefty fines, up to five million pesos (P5,000,000.00), imprisonment for up to twenty-one years, or both, as per Section 73 of the SRC. Those inviting or recruiting others to invest in such ventures or offering investment contracts or securities to the public may also incur criminal liability, as held by the Supreme Court in the case of Securities and Exchange Commission vs. Oudine Santos.

For up-to-date news on this topic and other related matters, it's recommended to download and install the WikiFX App on your smartphone. This will keep you informed and potentially protect you from unauthorized and unregistered investment solicitations such as this. Stay safe, stay informed, and let's navigate the digital investment landscape together.

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