CAGAYAN DE ORO CITY – The Securities and Exchange Commission (SEC) here has warned the public of the proliferation of at least 28 groups and individuals allegedly engaging in fraudulent activities.

“In its continuous efforts in investigating possible investment scams, the Commission warns the public to be careful in dealing their investments,” said lawyer Frederick Enopia, officer-in-charge of SEC Cagayan de Oro extension office in a statement released to the media on May 14.

Since the start of the year, SEC was able to identify 28 entities already with malicious business transactions found to be soliciting investments from the public without the appropriate certificate of registration to sell securities.

SEC has issued advisories and has advised people to be careful in dealing with their investments in the entities and corporations, namely, Masa Mart Business OPC; Mers Business Center, Royal O Financial Consultancy Services, Bitaccelerate or…

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