Beware of Centuros Finance Group II and Unauthorized Firms Listed by PH SEC

In today's fast-paced financial world, it's crucial to be cautious and well-informed when considering investment opportunities. The Philippine Securities and Exchange Commission (PH SEC) has issued a stern warning regarding unauthorized investment solicitation by CENTUROS FINANCE GROUP II and several other firms. This article aims to provide awareness to the public, emphasizing the importance of avoiding investments in these unauthorized entities.

CENTUROS FINANCE GROUP II: An Unauthorized Entity

CENTUROS FINANCE GROUP II has recently come under the spotlight due to unauthorized investment solicitation. Here's what you need to know:

1. Lack of Authorization: CENTUROS FINANCE GROUP II is NOT AUTHORIZED TO SOLICIT INVESTMENTS FROM THE PUBLIC. The PH SEC has no record of it being registered as a corporation, OPC (One Person Corporation), or a partnership. This means the company lacks the necessary regulatory approvals to conduct investment-related activities.

2. False Promises: Individuals representing CENTUROS, led by its CEO, OLIVER PASCUA, have been approaching the public with enticing investment opportunities. They claim to invest in cryptocurrency trading, which can be particularly appealing given the recent popularity of cryptocurrencies. However, without the SEC's authorization, these claims should be treated with skepticism.

3. Investment Programs: CENTUROS attempts to lure investors with three programs named Alpha, Bravo, and Charlie. The lack of regulatory oversight and authorization raises red flags about the legitimacy of these programs.

List of Unauthorized Firms Announced by PH SEC (September 2023)

CENTUROS FINANCE GROUP II isn't the only entity raising concerns. The PH SEC has released a list of unauthorized firms conducting financial and other business activities in the Philippines this September. Here are some of them:

1. MOO FARM

2. AYN E-COMMERCE

3. ALAO/ALAO INVESTMENT PLATFORM

4. CCO MEDIA/CCO MEDIA PHILIPPINES/CLEAR CHANNEL OUTDOOR ASIA CORP.

5. WEALTH WISE INTERNATIONAL COMPANY/THE WEALTHWISE INTERNATIONAL MANAGEMENT OPC

6. JBF GOLDMINER INTERNATIONAL / GOLD DE LUCK

7. MELON PLUS/PRIMELOGIX MARKETING INC,

8. PAMPER ME SALON AND SPA

9. MONO MALL

10. DERMACARE-BEYOND SKIN CARE SOLUTIONS / BEYOND SKINCARE SOLUTIONS

11. SPRHY GOLD INVESTMENT/SPRHY CASH PALUWAGAN

12. SECRET FOR ELIMINATION OF RAMPAN POVERTY WORLDWIDE CORPORATION

Stay Informed and Protected

In the ever-evolving financial landscape, staying informed and protected is of paramount importance. Avoiding investments with unauthorized firms is a key step towards safeguarding your hard-earned money.

To ensure your financial security, consider these steps:

1. Research Thoroughly: Before investing, research the company and its background. Check if they are registered with the SEC and have the necessary permits.

2. Verify Credentials: Always verify the credentials of individuals representing investment opportunities. Confirm their legitimacy through official channels.

3. Seek Professional Advice: If you are unsure about an investment opportunity, seek advice from a financial advisor or consult with reputable institutions.

4. Report Suspected Scams: If you come across unauthorized investment solicitations or suspect fraudulent activities, report them to the authorities immediately.

By being vigilant and well-informed, you can protect yourself and your finances from potential scams and unauthorized investments. Stay safe and make sound financial decisions.

For the latest updates and additional resources, consider installing the WikiFX App on your smartphone, which can help you access valuable information about investment firms and their legitimacy. Download the App here: https://www.wikifx.com/en/download.html.