Based on SEC’s investigation, the company, which claims to be engaged in forex trading, promises a 170% return of investment in just 25 days. The payout will be given in four cycles with a 5% deduction.
“The Commission does not allow the registration of foreign exchange in the nature of commodity/financial futures constract and other similar derivatives nor commodity futures exchanges and commodity merchants/ brokers,” SEC said.
SEC said salesmen, brokers, dealers or agents of 1 HEAL WORLD TRADING may be held criminally liable under the Securities Regulation Code and penalized with a maximum fine of P5 million or imprisonment of 21 years or both.
It shall also report the names involved to the Bureau of Internal Revenue for the appropriate penalties and/or taxes.