The SEC has warned the public against dealing with FDMS Business and Marketing Solutions Inc., Trading Cartel and Lele Gold Farm due to its unauthorized solicitation of investments without the necessary license from the agency. Know more:
The Securities and Exchange Commission has warned the public against dealing with FDMS Business and Marketing Solutions Inc., Trading Cartel and Lele Gold Farm due to its unauthorized solicitation of investments without the necessary license from the agency.
SEC records showed that FDMS was registered with the agency on March 15, 2021. However, such registration merely grants personality to the corporation but does not authorize it to issue, sell or offer for sale securities to the public nor undertake business activities requiring a secondary license. Trading Cartel, meanwhile, is not registered with the SEC as a corporation or partnership and is not authorized to solicit investments from the public since it has not secured prior registration and license from the agency as prescribed under the Securities Regulation Code.
The agency also said the public must be wary of investing in Lele Gold Farm , which promises earnings while investors play their games.
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