The Securities and Exchange Commission (SEC) has ordered Negros Occidental-based RGS World Marketing Corporation to stop operating its illegal investment scheme targeting investors in Western Visayas. In an order, the Commission En Banc directed RGS World to immediately cease and desist from engagi
MANILA - The Securities and Exchange Commission (SEC) has ordered RGS World Marketing Corp. to stop its illegal investment scheme based in Negros Occidental targeting investors in Western Visayas. In an order dated March 1, the commission en banc directed RGS World to immediately cease and desist from engaging in the unlawful or unauthorized solicitation, offer and/or sale of securities until it has filed the requisite registration statement and secured the necessary approval from the SEC. RGS World, its directors Rodolfo Garcia Salarda Jr., Leah Pasis Salarda, Rodelyn Balico Salarda, Henje Noble Cuadra, and Ryan Ladoing, as well as its officers, operators, representatives, salesmen, and agents have been ordered to cease their internet presence relating to their investment scheme. The company and its directors have also been prohibited from transacting any business involving funds in its depository banks, and from transferring, disposing, or conveying any related assets to ensure the p