Securities and Exchange Commission - Cebu, nagbabala kaugnay ng investment scams
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NewsTranscript
00:00The Securities and Exchange Commission in Cebu was informed about the investment scams
00:06during the holding of Investor Protection Week.
00:09The details are reported by Angelita Japa of Radyo Pilipinas.
00:15The Securities and Exchange Commission Cebu Extension Office is taking care of the public
00:20related to the investment scams.
00:22During the holding of Investor Protection Week this week,
00:25the Information Drive of the SEC Cebu was established
00:28to inform the public about the investment scams,
00:31the red flags that should be observed when investing money,
00:35and the dangers it brings.
00:37Almost 500 students from two universities here in Cebu City
00:42were involved in the discussion on financial fitness
00:45and the identification of investment scams.
00:48SEC Cebu Council Attorney Sam Nazario explained
00:52how the easiest way to deal with a scam is.
01:22This is where they will ask you for the advance fee loan,
01:25for processing, for bank processing, for the documentary stuff and all.
01:29Once they will ask you to cash out, instead of cash in your loan,
01:36once they will ask you to cash out, then that's a second red flag too.
01:40According to SEC Cebu Extension Office Director Attorney Shira Lupango Tamayo,
01:45this year, they issued two advisories
01:48related to companies and individuals who solicit investment
01:52and issue loans using the Peking SEC Registration.
01:56This is an advice to the public to be wise and not to deceive the scammers.
02:01Tomorrow, they will accept all questions related to the legitimacy of the investment.
02:08From Radio Pilipinas Cebu, Angelita Hapal for Balitang Pambansa.