AlphanetWorld Corp. maintained that it is not involved in the alleged unauthorized solicitation and sale of securities and that complaints for alleged violations of the Securities Regulation Code had already been dismissed by the Zamboanga City Prosecutors Office.
The company issued the statement after the Securities and Exchange Commission stopped AlphanetWorld, which is doing business under NWorld, to stop soliciting investments from the public without the necessary license.
According to the SEC, NWorld has been selling unregistered securities in the form of investment contract.
“The Office of the City Prosecutor further stated that there were no details of the subject alleged investment for them to be considered as securities as defined under the Securities Regulation Code,” AlphanetWorld said in a statement sent to Bilyonaryo.com.
NWorld said it is merely engaged in the direct selling, distribution and retail of consumer products such as cosmetics, skincare, food supplements and pharmaceuticals which have secured all the necessary FDA licenses to operate and distribute as well as Certificates of Product Registration and Notification.
“NWORLD is NOT AN INVESTMENT COMPANY…NWorld, a duly organized and existing corporation in the Philippines is a TOP 1000 corporation in the country since 2016,” AlphanetWorld said.
The group also pointed out that its Code of Conduct Ethical Standards specifically prohibits any marketing schemes or strategies that are foreign to NWorld’s approved marketing programs, especially those that guarantee big results, great rewards or risk-free endeavors.

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