Philippines SEC Warns Public Against Unlicensed 'Se Sports/Seek Explores Sports Association, Inc.' Investment Scheme
The Securities and Exchange Commission (SEC) of the Philippines has issued a public warning against Se Sports/Seek Explores Sports Association, Inc., which is not authorized to solicit investments or issue securities.
According to the SEC, individuals linked to the group have been actively promoting investment offers on social media, particularly Facebook, encouraging the public to join their online platform. While the entity is registered as a non‑stock corporation, the SEC stressed that it holds no license to accept investments, sell securities, or offer investment contracts.
The platform sells “investment projects” priced from ₱100 to ₱120,000, promising 100% guaranteed returns and daily profits of ₱390 to ₱490. Members reportedly display “dashboard” payout screenshots to lure new participants.
source: Philippines SEC
The SEC said the platform also offers cash referral bonuses and a point‑based rewards system where points earned from successful referrals can be exchanged for goods on its online “points mall.” Regulators noted that these referral commissions, not legitimate business activity, form the primary source of income, mirroring the structure of Ponzi and pyramiding schemes.
source: Philippines SEC
The Philippines SEC reiterated that an investment contract exists when money is placed into a common enterprise with the expectation of profits derived mainly from the efforts of others, an element clearly present in the platform’s operations. Under the Securities Regulation Code, such offerings must be registered, and the issuer must be duly licensed.
The SEC strongly advised the public not to invest or continue investing in any scheme promoted by Se Sports/Seek Explores Sports Association, Inc., or its representatives.
BrokersView Reminds You
Guaranteed high returns do not exist. Always check the registration and licensing of a company directly with regulators before committing funds.
Staying vigilant against high‑return, referral‑driven schemes is essential to protecting your finances.
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