The Securities and Exchange Commission (SEC) has ordered UPSYS Daily Trading to stop soliciting investments from the public without the necessary license from the government. ManilaBulletin
In a cease and desist order, the Commission En Banc directed the company, which also operates as UPSYS Daily Trding Management OPC and UPSYS Daily Trding Management Consultancy, to immediately stop from further engaging in the unlawful solicitation, offer, or sale of securities in the form of investment contracts.
It also covers all of the firm’s officers, operators, administrators, promoters, representatives, salesmen, agents, investment team planners, mentors, enablers, influencers, assigns, conduit entities, and subsidiaries. In addition to the guaranteed returns, an investor will also earn a 50 percent direct referral bonus for recruiting members, plus commissions on referrals made by their respective recruits.
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