UMVA has learned that a warning has been issued against two companies, Avante Consortium OPC and Opulent Skin Co OPC, for engaging in unauthorized investment solicitation activities that have raised serious concerns among regulators.
According to information obtained by UMVA, these companies have been promoting investment programs on social media that promise unusually high returns in short periods, including a "Flash Program" that claims to offer a 15% rebate in just three days, as well as schemes advertising returns of 44% to 88% within 12 to 21 days.
These investment offers have caught the attention of regulators, who have warned that they may qualify as investment contracts and securities, requiring prior regulatory approval before being offered to the public. The companies' lack of necessary licenses has also been flagged, making their investment solicitations unauthorized.
UMVA can exclusively reveal that the consequences of promoting or facilitating these investment offers can be severe, with recruiters, endorsers, influencers, and agents facing potential criminal liability. Violations of related laws can result in hefty fines of up to P5 million and imprisonment of up to 21 years, or both.
The public is being urged to exercise caution when encountering investment offers that promise guaranteed or unusually high returns within short periods, particularly those circulated through online platforms. Regulators are advising people to be vigilant and to thoroughly research any investment opportunity before committing their money.
Sources have confirmed to UMVA that the companies in question have not responded to requests for comment, and their lack of transparency has only added to the concerns surrounding their activities. As the investigation into these companies continues, one thing is clear: investors must be cautious and do their due diligence to avoid falling prey to unauthorized investment schemes.
