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SEC goes after stock market scams | Fxclearing.com is a BIG SCAMM WITH FAKE REGISTRATION.

Posted on: March 3rd, 2022 by Jason Miller No Comments

https://www.fxclearing.com/ (FXCL) Markets Ltd. is compensated by the spread. Leverage may increase gains or losses.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.


Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Fxclearing.com Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/theimbachronicler
639776459387 / 639155292409

Lea Jean Belleza
Assistant
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
https://www.facebook.com/lj.r.belleza

James Tulabot
Team Leader
https://www.facebook.com/jamescuzy

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview
https://www.facebook.com/allennicanor.costales
639565914849

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines
https://www.facebook.com/Kristoff225
639561355764

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines
https://www.facebook.com/xanty.octavo
639171031948

Virgilito Dada
Account Manager
https://www.facebook.com/potsdada.antonio

Elton Danao
Sale Manager
https://www.facebook.com/eosnyssa
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

It said the lack of registration, license and/or accreditation from both the commission and the DSWD “make the company dubious and susceptible to financial abuse and misuse”. The Llamadista group also promises a 5-percent payout for 42 days or a 210-percent ROI for a minimum investment of P1,000. “No other conclusion may be reached but that these series of trade transactions were executed with the intention of creating a false or misleading appearance of active trading or misleading appearance with respect to the market of BW shares,” the court ruling said. Currently, RCBC is poised to close funding deals on renewable energy projects with a combined capacity of 1.6 gigawatts . This is on top of the 3.06 GW worth of renewable energy projects that the company has already supported since 2012. It is to be noted that the BW Resources scandal led to various reforms in the local stock market, so that the bourse will no longer be hit by similar financial debacles. One of these changes is the transformation of the Philippine Stock Exchange from an exclusive old boys’ club to a listed public corporation. The power generation business of AboitizPower is the second largest in the Philippines in terms of attributable installed capacity. In terms of captive customer connections and energy sales, the second largest , and third largest RES company. “In the time since we have started discussions, we have learned about the tremendous vision the Puri Usaha team has for the renewables industry in Indonesia.

  • State-owned Development Bank of the Philippines headed by bankero Emmanuel Herbosa is extending up to P2.6 billion funding facility to Kiangan Mini Hydro Corp. for the development of the Asin-Hungduan and Ibulao1 mini hydro power projects in Kiangan, Ifugao.
  • GHI is operated by a Vencint O. Canal, who claims to be its chief executive officer, and a certain Shunan Mae Cemene, the company’s corporate secretary.
  • It said the lack of registration, license and/or accreditation from both the commission and the DSWD “make the company dubious and susceptible to financial abuse and misuse”.

AboitizPower was incorporated in 1998 and has grown to become a leader in the Philippine power industry with interest in a number of privately-owned generation companies and distribution utilities. The Suryagen platform covers the Batam, Bintan, and Karimun islands as well as East Nusa Tenggara province where the majority of the projects that the Puri Usaha Group have been developing are located, with the aim to begin the construction of its first project by 2023. State-run Land Bank of the Philippines led by bankero Cecilia Borromeo has approved P747.9 million worth of loans to local government units in the province of Biliran. The exposure of BDO Unibank Inc. led by bankero Nestor Tan to a company controlled by Davao-based businessman Dennis Uy is secured and a possible default would have no adverse effect on the country’s largest bank. The scheme involves “wash sales” transactions, where the buyer and seller of the stock share a beneficial owner. Pasig City Regional Trial Court Branch 67 found Johnny Yap of Solar Securities guilty beyond reasonable doubt of manipulating the market in illegal trade transactions involving stocks of then-listed firm Best World Resources Corporation . In August 2000, the SEC formed a special operations group to investigate the case.

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The regulator also noted that its investment program indicates that it is an “advance-fee scam,” where a person promises a big amount of money in exchange for a small payment. On top of being unregistered with the commission, both Crypto Asset and Meta Trading are also not registered as virtual asset services providers with the Bangko Sentral ng Pilipinas and both also lack the required Certificate of Authority as a money service business. Crypto Asset is led by a certain Janus Alfonsus Alvez Tisalona, who acts as the entity’s president and chief executive officer . A considerable investment in research and development enables Eurofins to apply the most suitable methods to each specific case when controlling the authenticity of a product.

Wash sales operations are sale transactions wherein the buyer and the seller share the same beneficial owner of the stocks. These transactions will not result in changes in beneficial ownership, which is a violation of the Securities Regulation Code’s Section 24.1 . The decision came 22 years after the Securities and Exchange Commission filed a complaint involving the trading of the stocks of the then-listed company Best World Resources Corp. . “The said company claims to be investing in power generation components, from which prospective investors will derive different benefits from in accordance with their chosen investments,” the SEC said in a separate advisory dated Dec. 14. At Solaric, we appeal to Filipino sensibilities of approachability, service and value. We determine the best ways to maximize your return on a hard-earned investment.

Solaric is the leader in rooftop solar

Philippine Saving Bank led by bankero Jose Vicente Alde has rewarded shareholders with a cash dividend of P0.75 per share for the second quarter of the year. In December 2020, RCBC became the first local commercial bank to officially end extending financing to new coal-fired power projects, following the Department of Energy’s imposition of a nationwide moratorium on coal. The Yuchengco-led bank has committed to cease funding of new coal power plants. ALTHOUGH the legal journey is arduous and bumpy, the Securities and Exchange Commission and other regulators in the investment community finally won a conviction in court of an errant stockbroker and investor. But this is after 22 years of legal battle, and just in the level of the regional trial court. BW is a company of Dante Tan, a crony of former president Joseph Estrada, and was hyped as a listing vehicle for Estrada’s various business interests, particularly in gaming and property development. At the height of the bubble, trading in BW shares accounted for as much as half of total market turnover. The scheme led BW shares to trade from P2 at the start of 1999 to a high of P107 in October of the same year, representing a 5,250% increase, according to a paper published in the Center for Integrative and Development Studies of the University of the Philippines Diliman. “Shares in the company steadily increased in that year and by October, BW shares had reached a price of P12.50 each, the same time as when Solar Securities executed its wash sale transactions,” the SEC said. It further said that as Solar Securities’ compliance officer, Mr. Yap has the responsibility to ensure that the brokerage was compliant with rules and regulations for trading activities.

The case is the SEC’s fifth conviction under the SRC since it was enacted in 2000, with previous convictions involving fraudulent investment scams. BW shares continued to rally despite the company incurring losses of P10.84 FOREX SCAM million in 1999. By May 1999, the trading price of BW stocks was at P6.60 apiece, increasing daily by nine percent. At the start of 1999, shares in BW at the Philippine Stock Exchange were being traded for 80 centavos each.

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Unit Investment Trust Funds are NOT DEPOSIT products and are not insured by the Philippine Deposit Insurance Corporation or by Manulife Investment Management and Trust Corporation, its parent company or its affiliates. The performances of the funds and their underlying securities are not guaranteed, and the value of funds may fluctuate and could be less than the capital invested. Any loss/income arising from market fluctuations and price volatility, even if invested in government securities, is for the account of the client/investor. Past performance, when presented, is purely for reference purposes and is not indicative of similar future result. Manulife Investment Management and Trust Corporation is not liable for losses except for gross negligence, willful fraud or bad faith of its officers, employees, or authorized representatives. The court ruled that Solar had undertaken 142 counts of “wash sales,” or transactions wherein the buyer and seller of the stock share an owner, for the purpose of creating “false and artificial appearance of stock market activity in the volume and price” of BW. The SEC said the company was not registered with the agency, “hence it cannot act or operate as a corporation.

“Their platform includes soliciting investment for the production of solar panels and the electricity generated thereon will be sold to the government, major mines, and to different enterprises, and from that, their prospective investors will automatically generate profits daily,” it added. Solaric has established its name across the renewable industry as a proven and reputable rooftop solar leader. Backed by decades of experience, Solaric has installed more than 50% of residential rooftop solar in the Philippines and has delivered significant cost reductions in electricity expenses, as well as milestone contributions to a cleaner, greener, and renewable future. We want every Filipino to enjoy the benefits of clean and renewable power.

The PCAB is the implementing board of the Construction Industry Authority of the Philippines under the Department of Trade and Industry which regulates the construction industry in the Philippines. We offer a wide range of Unit Investment Trust Funds providing you access to local and global investment strategies depending on your goals, needs and risk profile. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Early this year, RCBC began offering the first-ever environment-related time deposit in the Philippines through the Peso Green Time Deposit with a low minimum investment amount of P5,000. As of June last year, about 10 percent of the bank’s loan portfolio is eligible under sustainable financing. The listed bank’s coal exposure is amortized every year and will decline until it zeroes out in 2031.
scamers
Judge Ira Fritzie Cruz-Rojo of Pasig RTC Branch 67 found Yap “guilty beyond reasonable doubt” of violation of the Securities Regulation Code, which prohibits fraud, manipulation and insider trading of any listed company traded in an exchange. In 1999, the local bourse had the biggest scandal in its history with illegal trades and stock price manipulation scam involving BW Resources Corp. Through deceit, manipulation and devious marketing gimmicks, the price of BW surged 1,462 percent within a single year, before the bubble burst and the scam was uncovered. Because of speculations that Macau casino tycoon Stanley Ho will invest in the firm, the shares of BW rose to as much as P12.50 per share by October 1999 from only 80 centavos in January of the same year. Wash sales are illegal because they make it appear that there is active trading and entice traders to buy stocks when, in fact, it is just one broker buying and selling in close intervals. Massdrop Marketing is headed by an Edgar Joseph Tan “EJ TAN”, who claims to be its president, the SEC said.

Our Business

These were “thinly and/or inactively traded” for less than one peso each from January 1998 to September 1998. THE Pasig City Regional Trial Court Branch 67 has sentenced broker Johnny S. Yap, former president, sales manager, and director of Solar Securities, Inc., to 14 years of imprisonment and was ordered to pay P1 million for a “reprehensible” market manipulation. Meanwhile, Clearway Energy and Shopee888 were flagged by the SEC as having investment programs that resemble a “Ponzi scheme.” The regulator said investment programs under the scheme are not registrable security. “The money invested will be used by Crypto Asset in its crypto trading through UNLITRADE platform and GPU mining farm activities,” the SEC said in its advisory dated Dec. https://www.fxclearing.com/ 14. THE Securities and Exchange Commission flagged four unregistered entities luring the public to participate in their respective investment programs, despite lacking the needed license to collect investments from the public. For more information on solar power systems and solar system installers and experts, click here. Today there are analytical methods available that can be implemented in an effective quality control system to provide some assurance against these fraudulent practices. Authenticity testing is used to detect the addition of ingredients of lower value than those declared. EEI Corporation is pleased to announce the upgrading by the Philippine Contractors Accreditation Board of the category of its license from AAA to AAAA.
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Mr. Yap himself admitted to executing some of the transactions. “Solar Securities’ transactions were wash sales not only because the brokerage was both the buyer and the seller in all the 71 buy order and 71 sell order transactions, but also because the offers and bids were made at very close intervals,” the SEC said. The section also prohibits “false or misleading appearance of active trading” in listed securities. Clearway Energy is not registered with the commission and it also lacks the needed license to collect investments from the public.
RCBC phasing out coal investments by 2031, bullish at renewable energy

We have some information about owner of Fxclearing.com (FXCL) SCAM company and its may be resident of USA: Alex Teplitsky