By Keren Concepcion G. Valmonte
THE Securities and Exchange Commission (SEC) has flagged five entities in the first week of May for offering unlicensed investment programs to the public.
Hedge Trading, Coco-J Funds Corp., and Coco-J Funds Digital Marketing Services are all not registered with the commission either as a corporation or as a partnership. The three entities also do not have licenses to sell securities or collect investments.
Jonas Lapada-led Hedge Trading promises a 30% return in 15 days for every P500 minimum investment. The scheme also gives a direct referral fee of 10%, a pairing bonus, and a “unilevel” bonus.
Meanwhile, Coco-J Funds Corp. and Coco-J Funds Digital Marketing Services are both headed by Jessie Oliquino Himor. Both offer “activation codes” worth P1,500 per account, and investors can buy up to 31 accounts.
Coco-J guarantees its investors a 200% profit within seven weeks. Members may also…