By Keren Concepcion G. Valmonte, Reporter
THE Securities and Exchange Commission (SEC) is looking to launch a monitoring group to prevent scamming activities at the local government unit (LGU) level.
In an e-mailed response to questions, the SEC said it is planning to put up an Anti-Scam Task iGroup or the so-called “ASTiG” Network.
“This will help the SEC stop unauthorized investment-taking activities and fraudulent schemes at the community level,” the SEC Office of the Commission Secretary said on Monday.
BusinessWorld reached out to the regulator after Masahiko Ferrer Tanaka brushed off the SEC’s advisory to warn the public against investing in Mr. Tanaka’s Global Booking Hub/GBH/Easy Money Vlogs.
In its Feb. 8 advisory, the SEC said Global Booking Hub is involved in delivery services and foreign exchange. The commission warned the public against investing in its Tora (TRA) token and its “Booking Loads” Plan, among its other investment programs.
Mr. Tanaka, in a Facebook Messenger chat, said that the advisory was true but claimed that the commission does not have complaints because the warning was merely a pakulo or a gimmick.
However, the SEC maintained that Global Booking Hub is not licensed to solicit investments. The SEC said it is not registered “and therefore cannot secure the necessary license to offer/sell securities to the public, in accordance with Republic Act No. 8799, or the Securities Regulation Code.”
“The…
