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SEC head office—PHOTO FROM SEC WEBSITE
MANILA, Philippines — The Securities and Exchange Commission (SEC) has warned the public against a fake online platform posing as a job provider while illegally soliciting investments.
In an advisory, the regulator said a bogus entity operating under the names “SHOPWISE.WORK” and “SHOPWISE ONLINE WORK PLATFORM” has been impersonating Shopwise Inc. to lure victims into a fraudulent scheme.
The SEC stressed that this platform is not authorized to solicit investments. The regulator noted that it operates without the necessary registration, license or authority from the commission.
