Philippines
2024-01-04 14:42
IndustryPH SEC Warns Octafx For Unauthorized Firm
The Philippines Securities and Exchange Commission (SEC) has recently released a public advisory warning against engaging in investment and trading activities with OCTAFX/OCTA TRADING. This firm, found to be operating without necessary licenses, has been actively promoting its services through various social media platforms, targeting Filipino investors.
According to the SEC's statement, OCTAFX/OCTA TRADING is not permitted to sell or offer securities in the Philippines. The Securities Regulation Code (SRC) defines securities as investment instruments such as stocks, bonds, and options that must be registered with and authorized by the SEC before they may be issued to the public. The lack of registration and authorization of OCTAFX/OCTA TRADING raises significant legal and financial risks for potential investors.
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PH SEC Warns Octafx For Unauthorized Firm
Philippines | 2024-01-04 14:42
The Philippines Securities and Exchange Commission (SEC) has recently released a public advisory warning against engaging in investment and trading activities with OCTAFX/OCTA TRADING. This firm, found to be operating without necessary licenses, has been actively promoting its services through various social media platforms, targeting Filipino investors.
According to the SEC's statement, OCTAFX/OCTA TRADING is not permitted to sell or offer securities in the Philippines. The Securities Regulation Code (SRC) defines securities as investment instruments such as stocks, bonds, and options that must be registered with and authorized by the SEC before they may be issued to the public. The lack of registration and authorization of OCTAFX/OCTA TRADING raises significant legal and financial risks for potential investors.
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