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    Authorization Letter

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    rugajeffry7
    The SEC issued an advisory warning the public that the Morgan Stanley Investment Firm Elinyapp/Eliny-ph.com/Eliny App is NOT authorized by the SEC to solicit investments from the public and appears to impersonate the real Morgan Stanley firm. The SEC has received reports of this entity enticing people through social media to invest with promises of high daily returns. However, this entity is NOT registered with the SEC and is operating without proper licenses. The SEC warns the public to NOT invest with this entity and its schemes bear signs of being a Ponzi scheme, which involves using money from new investors to pay old investors.

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    Authorization Letter

    Uploaded by

    rugajeffry7
    18 views4 pages
    The SEC issued an advisory warning the public that the Morgan Stanley Investment Firm Elinyapp/Eliny-ph.com/Eliny App is NOT authorized by the SEC to solicit investments from the public and appears to impersonate the real Morgan Stanley firm. The SEC has received reports of this entity enticing people through social media to invest with promises of high daily returns. However, this entity is NOT registered with the SEC and is operating without proper licenses. The SEC warns the public to NOT invest with this entity and its schemes bear signs of being a Ponzi scheme, which involves using money from new investors to pay old investors.

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    The SEC issued an advisory warning the public that the Morgan Stanley Investment Firm Elinyapp/Eliny-ph.com/Eliny App is NOT authorized by the SEC to solicit investments from the public and appears to impersonate the real Morgan Stanley firm. The SEC has received reports of this entity enticing people through social media to invest with promises of high daily returns. However, this entity is NOT registered with the SEC and is operating without proper licenses. The SEC warns the public to NOT invest with this entity and its schemes bear signs of being a Ponzi scheme, which involves using money from new investors to pay old investors.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    18 views4 pages

    Authorization Letter

    Uploaded by

    rugajeffry7
    The SEC issued an advisory warning the public that the Morgan Stanley Investment Firm Elinyapp/Eliny-ph.com/Eliny App is NOT authorized by the SEC to solicit investments from the public and appears to impersonate the real Morgan Stanley firm. The SEC has received reports of this entity enticing people through social media to invest with promises of high daily returns. However, this entity is NOT registered with the SEC and is operating without proper licenses. The SEC warns the public to NOT invest with this entity and its schemes bear signs of being a Ponzi scheme, which involves using money from new investors to pay old investors.

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    ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT

    SEC ADVISORY

    This is to inform the public that MORGAN STANLEY INVESTMENT FIRM


    ELINYAPP/ELINY-PH.COM/ELINY APP. is NOT AUTHORIZED TO SOLICIT
    INVESTMENTS FROM THE PUBLIC and appears to impersonate the leading
    American NYSE-listed, global financial services firm, MORGAN STANLEY.

    This ADVISORY is prompted by reports and information gathered by the


    Commission that individuals or group of persons particularly Mr.shades TV (YouTube
    Channel) is enticing the public, through social media platform to invest in the fake
    MORGAN STANLEY INVESTMENT FIRM ELINYAPP/ELINY-PH.COM/ELINY APP.

    As posted online, the fraudulent MORGAN STANLEY INVESTMENT FIRM


    ELINYAPP/ELINY-PH.COM/ELINY APP., claims that it is “an App owned by MORGAN
    STANLEY, which provides real-time investment based on the port container shipping
    index. It is further claimed that it is the first policy to benefit the people launched by the
    Philippine Financial Department in order to quickly revive the national economy. It is
    also the first policy to benefit the people launched by Morgan Stanley when it opened an
    additional office in the Philippines.” They allege that it is legal, safe and permanent, and
    is an important tool for the Filipino people to increase their wealth.

    MORGAN STANLEY INVESTMENT FIRM ELINYAPP/ELINY-PH.COM/ELINY


    APP is offering investments to the public with a minimal amount of Php500.00 up to
    Php1,500.00. The investor can earn 50% daily profit, 10% from direct referral, and
    minimum daily salary of Php350.00 up to Php6,500.00.

    In this regard, the public is made aware that an “investment contract,” a kind of
    security, exists when there is an investment or placement of money in a common
    enterprise with a reasonable expectation of profits to be derived from the efforts of
    others which is prominent in the scheme of MORGAN STANLEY INVESTMENT FIRM
    ELINYAPP/ELINY-PH.COM/ELINY APP.
    As such, the Securities Regulation Code (SRC) requires that said offer and/or sale
    of securities must be duly registered with the Commission and that the concerned entity
    and/or its agents should have the appropriate registration and/or license to sell such
    securities to the public.

    Based on the Commission’s database, MORGAN STANLEY INVESTMENT FIRM


    ELINYAPP/ELINY-PH.COM/ELINY APP., is NOT REGISTERED as a corporation or
    partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR
    AUTHORITY to solicit, accept or take investments/placements from the public nor to
    issue investment contracts and other forms of securities defined under Section 3 of the
    Securities Regulation Code (SRC). The purported Certificate of Incorporation showed
    by MORGAN STANLEY INVESTMENT FIRM ELINYAPP/ELINY-PH.COM/ELINY APP is
    FAKE/BOGUS.

    Besides, the public should be aware that the use of “Philippine financial
    department” and “Ministry of Finance” by MORGAN STANLEY INVESTMENT FIRM
    ELINYAPP/ELINY-PH.COM/ELINY in its posts/marketing materials betrays the
    unfamiliarity of persons behind this scam of the accurate names of the relevant
    government agencies in the Philippines and could indicate that foreigners are behind
    the scheme.

    Further, the scheme employed by MORGAN STANLEY INVESTMENT FIRM


    ELINYAPP/ELINY-PH.COM/ELINY APP. has the characteristics of a “Ponzi Scheme”
    where money from new investors are used in paying “fake profits” to prior investors
    and is designed mainly to favor its top recruiters and prior risk takers and is
    detrimental to subsequent members in case of scarcity of new investors.

    The offering and selling of securities in the form of investment contracts using
    the “Ponzi Scheme” which is fraudulent and unsustainable, is NOT a registrable
    security. The Commission will not issue a License to Sell Securities to the Public to
    persons or entities that are engaged in this business or scheme.

    In view thereof, the public is hereby advised NOT TO INVEST or to STOP


    INVESTING in the investment scheme being offered by MORGAN STANLEY
    INVESTMENT FIRM ELINYAPP/ELINY-PH.COM/ELINY APP. vis-à-vis Mr. shades TV
    as well as to any other entities having the same or similar schemes and to exercise
    caution in dealing with any individuals or group of persons soliciting investments or
    recruiting investors for and on behalf MORGAN STANLEY INVESTMENT FIRM
    ELINYAPP/ELINY-PH.COM/ELINY APP. vis-à-vis Mr. shades TV.

    Those who act as salesmen, brokers, dealers or agents, representatives,


    promoters, uplines, recruiters, influencers, endorsers and enablers of MORGAN
    STANLEY INVESTMENT FIRM ELINYAPP/ELINY-PH.COM/ELINY APP. vis-à-vis Mr.
    shades TV, in selling or convincing people to invest in the investment scheme being
    offered by the said entity including soliciting investments or recruiting investors
    through the internet may be held criminally liable under Section 11 of the Financial
    Products and Services Consumer Protection Act (FCPA) and Section 28 of the SRC and
    both violations are penalized separately with a maximum fine of Five Million Pesos
    (Php5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant
    to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014).
    Furthermore, the names of all those involved will be reported to the Bureau of
    Internal Revenue (BIR) so that the appropriate penalties and/or taxes be
    correspondingly assessed.

    Should you have any information regarding any investment solicitation by any
    individual or group of individuals on behalf of MORGAN STANLEY INVESTMENT FIRM
    ELINYAPP/ELINY-PH.COM/ELINY APP. vis-à-vis Mr. shades TV, please send your
    report through email at [email protected].

    For the information and guidance of the public.

    Makati City, 3 October 2023

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