The Securities and Exchange Commission (SEC) has issued a cautionary notice regarding Prime Asset and SKC Investment, two entities promoting unauthorized investment schemes promising unrealistic returns.
As per the SEC’s warning, both organizations are alluring Filipinos with enticingly high returns over short investment periods, prompting concerns about their legitimacy.
Prime Asset is marketing “package plans” that pledge implausible returns of 50% within nine days or 120% within 20 days. The minimum investment for these plans varies from P500 ($9.20) to P100,000.
Similarly, SKC Investment adopts comparable strategies, attracting investors with lofty daily interest rates. It proposes 27% interest for a minimum investment of P470, 50% interest for a minimum of P227, and 38% interest for a minimum of P500.
Neither Prime Asset nor SKC Investment holds registration with the SEC, rendering them unauthorized to solicit or accept investments from the public.
The SEC strongly urges the public to refrain from investing in or continuing any ongoing investments with these entities or their representatives.
