The Securities and Exchange Commission has warned the public against investing in Marsgas Petrochemical Products Trading or Mars-Gas.com, which has been soliciting investments from the public with the promise of high monetary rewards of profits.
Information gathered from the Facebook page of Marsgas showed that the company has been inviting the public to invest with the promise of 10 percent daily profit for 20 days.
The same page also posted and introduced the Margas Oil depot’s ways to earn as well as its compensation plan.
An online search by the SEC likewise showed Marsgas posting its certificate of business registration and alleged ESSO Mobil certificate as a way to entice the public to invest.
The SEC said Margas is not registered with the SEC and is not authorized to solicit investments from the public and that it has not secured prior registration and/or license to sell securities as prescribed under Sec. 8 of the Securities Regulation Code.