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SEC warns against Masa Mart investment schemes

January 14, 2021 | 12:05 am
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THE Securities and Exchange Commission (SEC) has advised the public not to invest or stop investing in any scheme offered by Masa Mart Business Center after it has solicited investments without proper registration.
In an advisory posted on its website, the SEC said Masa Mart and its other entities such as Masa Mart Business Center OPC and Masa Mart Enterprise OPC are not authorized to solicit investments since they have not secured the necessary approval from the government.
The corporate regulator said Masa Mart and its entities have registrations with the SEC and the Department of Trade and Industry (DTI) as a one-person corporation, but need a different license to solicit investments. ....

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