The Securities and Exchange Commission has advised the public against dealing with 10 entities due to their unauthorized solicitation of investments without the necessary license from the Commission. In a statement, the SEC said these firm are Fresh Deals Meat Trading, Life Blessing Philippines, Salig Philippines, Seven Co, Gemini Trust Company LLC, Prolayer Egg Layer Poultry Farming, QZ Asset Management, Crypto Hub Finance, Enjoy PH, and Shopro International. “Some of these groups' investment schemes or actions resemble a pyramid or Ponzi scheme, where investors earn through recruitment fees instead of the sale of actual products or services, and investors are paid using the contribution of new members,” according to the SEC. Fresh Deals has been enticing the public to join their private social media group on Facebook and register on their website to avail of their lucrative investment plans. They are offering investments with a minimal amount of P500.00 up to P500,000.00, where investors are promised earnings of 20 percent daily or 300 percent within 15 days and an additional 15 percent commission through direct referrals. Life Blessing is offering investments with guaranteed returns of 25 percent up to 150 percent in 10 to 40 days allegedly through Forex trading and online casino business. They actively post on their Facebook page, Lifeblessing Philippines, a list of investment plans where investors may choose their preferred type of account and its corresponding investment amount and profit return. The Salig group has been offering investments where a minimum investment of P5,800.00 is promised to earn 30 percent after 30 days. Although the SOCIETY OF THE ADVOCATE OF LIGHTS PHILIPPINES INC., was registered with the Commission as a non-stock corporation, it is not authorized to issue, sell, or offer for sale securities to the public nor undertake business activities requiring a secondary license. Moreover, its registration was already suspended by the Commission. Seven Co has been enticing the public to invest in their business scheme for a promise of high monetary rewards or profits. Through social media posts, they advertise guaranteed earnings of 20 percent and 30percent for 10 and 15 days of investing, respectively. Gemini Trust, through its website, has launched a product called Gemini Derivatives and is openly offering this product that involves offering of derivatives which is a form of “securities”. “However, said entity is not registered with the Commission and operates without the necessary license and/or authority to solicit, accept or take investments/placements from the public nor to issue securities,” said the SEC. Prolayer is not registered with the SEC and is purportedly engaged in egg poultry farming business through social media platforms, promising investor-members earnings of 5 percent daily for 30 days or equivalent to a total of 150 percent return on investment. In addition, investor-members are also guaranteed to receive commissions through direct and indirect referrals. QZ Asset Management has been offering investment plans called the “Basic Plan” with a minimum amount of $100 up to $900 and the “Elite Plans” with a minimum amount 0f $1,000 and above. It promises investors guaranteed earnings of 0.5 percent up to 1.0 percent daily, 3.5 percent up to 7.0 percent weekly, and 15 percent up to 30 percent monthly, and various other rewards and bonuses. Crypto Hub has also been enticing the public to join its social media group and register on its website to avail of its investment plans. It is offering investments with a minimal amount of $50.00 or P2,786.38 with promised earnings of up to 2 percent daily for 75 days, and a 5 percent Affiliate bonus with 5% additional cashback. Enjoy PH and Shopro are enticing the public with attractive offers. Enjoy PH has been enticing the public to invest online with promised daily earnings of 3 percent up to 3.5 percent profit in 60 days. Accordingly, an investor must invest in their equity allotment plans amounting to P1,100.00 up to P17,600.00 to receive the said profit. Through social media platforms, Shopro is luring the public to invest by merely following these three steps: 1) complete the daily assigned tasks, 2) refer a friend, and 3) earn a bonus every time their respective team completes the said tasks. Accordingly, an investor must first subscribe to the entity by investing an amount ranging from $100 up to $10,000 and reach a certain level depending on their subscription fee. In addition, investors can earn a minimum of 3.5percent commission and other bonuses for referrals and completion of tasks.