The Securities and Exchange Commission Bacolod Extension Office Monday, Nov.28, warned the public against investing in Silverlion Livestock Trading Corp./Silverlion Livestock Trading.
This entity is selling or offering securities to the public with guaranteed earnings of 35 percent in just 15 days, or at 2.3 percent daily. It also offers a special package of a Ford Raptor or any car paid by the corporation for investment of P400,000 within 60 days.
The Commission, in an order dated Nov. 17, directed Silverlion Livestock Trading Corp. to immediately cease and desist from further engaging in the sale and/or offer of securities in the form of investment contracts since “it does not have the license to solicit, accept, or take investments, and the securities that it is selling/offering are not registered with the SEC.”
SEC Bacolod also said that one of the incorporators of Silverlion Livestock Trading Corp., Ryan Cagod Ladoing, is also an incorporator of the RGS World Marketing Corp., which was issued a cease-and-desist order in March this year.
“Silverlion Livestock Trading Corp. operates and employs the same modus operandi with that of the RGS World Marketing Corp., where both companies sell frozen goods and collects investments from the public with promises of very high return of investment,” the SEC stressed in a statement.
RGS World Marketing Corp. amassed millions of pesos from investors in Negros Island and the neighboring provinces and disappeared into thin air, it added.
The public is advised to be vigilant and practice caution in dealing with these entities, and others with similar offers.
“If you have knowledge about Silverlion Livestock Trading Corp./Silverlion Livestock Trading, RGS World Marketing Corp., or Ladoing’s continued transactions, don’t hesitate to contact SEC Bacolod at (034) 445-5713, 0961-6035772, or 0905-5688256, or email firstname.lastname@example.org, email@example.com, or firstname.lastname@example.org,” the Commission added. “Be a scam-proofed, equipped, and empowered investor. Bago mag invest, check with SEC.”*