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The Securities and Exchange Commission warned the public against investing in three companies engaged in unauthorized selling of investment contracts.
Based on the investigation, Upsolution entices the public to purchase “shares of stock” by investing a minimum of P3,500 to P87,500 for a promise of ownership of one to 34 shares of stock and guaranteed earnings of P6,000 to P204,000, respectively, after 37 days. Once a certain task is completed, the victim will be given another task to perform, with the promise of receiving higher commissions, according to the SEC.
It said the entity entices the public to invest up to P100,000 for a lock-in period of six months to receive a return up to 10-percent monthly interest.
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