Connect with us

Hi, what are you looking for?

News

SEC warns public about Teck Mining

THE Securities and Exchange Commission (SEC) warned the public not to invest in an entity called Teck Mining or in any investment offers on teckph.com

In an advisory, the SEC said Teck Mining and teckph.com are not connected to Canada-based Teck Resources Ltd. and Sun Life Management Co., Inc.

The SEC said that it received reports that officers or agents of Teck Mining have been enticing the public through social media posts to invest in the company through teckph.com.

The regulator also received reports that representatives of Teck Mining have been saying that it is related to Teck Resources. The entity’s representatives were also using Sun Life’s insurance certificate form to make it appear that investments in Teck Mining are insured.

“Teckph.com uses a modified website material of the legitimate mining company Teck Resources without due authority,” the regulator said.

Investors are instructed to download Teck Mining’s trading application from Google Play Store. They will then be contacted through messaging platforms to introduce the investment scheme.

Potential investors are asked to invest as low as P100 with a promised income of not less than a 2% interest rate daily.

“Thus, an investment of P5,000 has the potential to earn as much as 40% or equivalent to P2,000 within a 20-day cycle,” the SEC said.

The commission said that teckph.com or Teck Mining is not registered as a corporation or partnership and does not have the necessary license to solicit or take investments from the public as called for under the Securities Regulation Code.

“It appears that teckph.com or Teck Mining does not constitute a legitimate business that would generate a genuine income,” the regulator said.

The commission added that the contracts being offered by the entity are “non-existent” and the materials being used in its postings were lifted from the website of Teck Resources. — Justine Irish D. Tabile

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

Data is becoming the lifeline of businesses today. Organizations are beginning to realize that they have to know how to store and manage data...

News

Five-dollar bills are inspected at the Bureau of Engraving and Printing in Washington, D.C., March 26, 2015. — REUTERS THE PHILIPPINES’ dollar reserves dipped...

News

Families enjoy taking pictures around Luneta Park in Manila, Nov. 28. Economic managers are targeting 6.5-7.5% gross domestic product growth this year, and 6-7%...

News

Students attend a cooking class at the Technical Education, Skills and Development Authority (TESDA) training school in Taguig City, March 23. — PHILIPPINE STAR/...

News

Filipino fans attend K-pop group NCT 127’s concert at the SM Mall of Asia in Pasay City, Sept. 2. Aside from NCT 127, many...

News

SAM WORTHINGTON in Avatar: The Way of Water LONDON — Filmmaker James Cameron is taking audiences back to his visually mesmerizing world of Pandora,...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.