Unauthorized Investment Scheme Identified by SEC in Pegasus International
SEC Warns Public Against Investing in The Pegasus International Ventures Incorporation
The Securities and Exchange Commission (SEC) in the Philippines has issued a warning against investing in The Pegasus International Ventures Incorporation. The company, which operates from physical offices and conducts business online through various digital platforms, is suspected of operating an unauthorized investment scheme.
According to the SEC, The Pegasus International Ventures Incorporation, operated by Yolanda Bandiola Galecia and four other named individuals, lacks the necessary license to solicit investments from the public. This is a violation of the Securities Regulation Code, which requires any entity selling investment contracts to first secure a specific license from the SEC.
The SEC's warning extends to entities like The Pegasus International Ventures Incorporation, which operations resemble a binary-like marketing or recruitment-driven model. Such a structure, according to the SEC, is often found in unauthorized investment schemes that are inherently unsustainable.
The SEC strongly advises extreme caution for the public, especially towards entities promising financial returns that seem too good to be true. Entities soliciting investments without the required license may face legal consequences, including administrative, civil, and criminal charges.
Per SEC records, The Pegasus International Ventures Incorporation does not possess the required Secondary Licence. The SEC's warning is not limited to The Pegasus International Ventures Incorporation but applies to any entity soliciting investments without the required license.
The SEC's warning against The Pegasus International Ventures Incorporation follows its description of the company's operations resembling such an unauthorized investment scheme. The company has been enticing public investment with promises of high monetary rewards.
It is important to note that a corporation's registration does not automatically grant it the authority to collect funds from the public. The SEC emphasizes that any entity soliciting investments must first secure the necessary license to operate legally.
The search results do not provide information on the persons behind The Pegasus International Ventures Incorporation. This lack of transparency is a red flag, and the public is advised to exercise caution when dealing with such entities.
In conclusion, the SEC's warning against investing in The Pegasus International Ventures Incorporation stands, as it operates without the necessary license. The public is advised to exercise extreme caution when dealing with any entity soliciting investments and to verify that the entity has the required licenses before investing.
