THE Securities and Exchange Commission (SEC) has warned investors to avoid putting their money in Royal O Financial Consultancy Services, which has solicited investments without the proper license.

In an advisory uploaded on its website, the SEC said Royal O Financial Consultancy Services entices members to avail of its co-ownership program that offers earnings of 15% weekly in 90 days or a 201% return on investment, and 60% monthly in six months or a 360% return on investment.

“Further, a member is entitled to a direct bonus equivalent to 6% based on his/her direct recruit’s investment, and a leveling bonus equivalent to 0.5% to 3% up to the 10th level,” the SEC said.

The corporate regulator said Royal O Financial Consultancy Services is an investment platform for entities such as Oro Magnet Cockpit Arena – E-Sabong; Plasmatech Medical Supplies Trading; and Genius Global Impact and Export Corp., and is headed by a certain Princess Joana Jo Alfajid-Campos.

“Royal O Financial Consultancy Services is purportedly a website portal for the co-ownership program, where the funds sourced from the public shall in turn be invested in various businesses that are being managed and operated by Ms. Campos,” the SEC said.

According to the SEC, one of the businesses of Ms. Campos is registered as a one-person corporation, namely the OroMagnet International E-Games OPC, but is not authorized to solicit investment from the public without a secondary license.

It added that Royal O Financial Consultancy Services is not registered as a corporation nor a partnership. However, the SEC said the firm has been issued a certificate of business name registration by the Department of Trade and Industry (DTI).

“Royal O Financial Consultancy Services is also not registered either as a crowdfunding intermediary or a funding portal,” the SEC said.

The SEC warned that people acting for Royal O Financial Consultancy Services such as salesmen, brokers, dealers or agents may be held criminally liable and may be penalized with a P5-million fine, a 21-year imprisonment, or both, under Republic Act No. 8799 or the Securities Regulation Code.

BusinessWorld has sought for the comment of Ms. Campos regarding the SEC advisory, but she has not replied as of press time. — Revin Mikhael D. Ochave

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