The Securities and Exchange Commission over the weekend cautioned the public from investing in Olympro Stocktrading Web Content Publishing, saying it is not licensed to offer investments.
It said in an advisory posted on its website Olympro was not registered with the corporate regulator either as a corporation or as partnership.
Olympro was also not authorized to solicit investment from the public as it had not secured license as required under the Securities Regulation Code, it said.
“The public is advised not to invest or stop investing in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of Olympro… and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of them,” the SEC said.
“Further, Olympro Stocktrading Web Content Publishing is not registered either a crowd funding intermediary or funding portal,” it said.