Showing posts with label secondary license. Show all posts
Showing posts with label secondary license. Show all posts

Wednesday, March 11, 2015

SEC Warned the Public Concerning the Investment Taking Activities by ONE LIGHTNING CORPORATION and Its Related Affiliates

The Securities and Exchange Commission (SEC) recently issued an advisory to the warned the public concerning the investment taking activities being undertaken by ONE LIGHTING CORPORATION and its related affiliates. ONE LIGHTING CORPORATION has not been issued by the Commission a secondary license to publicly offer or sell securities and not to solicit investment from the public.

It is stated in the advisory that as part of its modus operandi, the said Company  invites people to invest in its cosmetics and healthcare products by promising huge returns on their investment through what it claims is a revolutionary compensation plan that the Company provides to its distributors which consists of sharing 70% of the Company's profits to investors.

Please refer http://www.sec.gov.ph/docs_home/2015Advisory_One_Lightning_Corp.pdf of the full text of the SEC Advisory.