Nc Quot Whose Operations Proliferate In Areas Of Northern Mindanao And Caraga Regions Sec Cdoeo Was Alarmed By The Prominence Wellcons 39 Presence Its Jurisdiction Throughout Region 10 13 Receiving Numerous Reports Then Issued An Advisory To Warn Public From Placing Their Investments Entity On Feb 03 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CAGAYAN DE ORO CITY - The Security and Exchange Commission - Cagayan de Oro Extension Office (SEC-CDOEO) has issued a public advisory on 27 firms allegedly running "investment scams". The advisory about the 27 suspicious investment firms without appropriate SEC licenses was posted on the Facebook page of the Department of Trade and Industry-Bukidnon on Tuesday. In a statement, lawyer Frederick A. Enopia, SEC-CDEO officer-in-charge, said the majority of the identified entities utilize the online platforms through mobile applications to entice the public in various areas. Enopia also noted the prominence of Bukidnon-based "Wellcons Unlimited System, Inc." whose operations proliferate in areas of Northern Mindanao and Caraga regions. "SEC-CDOEO was alarmed by the prominence of the Wellcons' presence in its jurisdiction throughout Region 10 (Northern Mindanao) and 13 (Caraga) by receiving numerous reports. The SEC -CDOEO then issued an advisory to warn the publ ....

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