The Securities and Exchange Commission issued a cease-and-desist order against Chiyuto Creative Wealth Documentation Facilitation Services, which has been soliciting investments from the public through a double-your-money roulette game.
The SEC in a February 1 order barred Chiyuto, which is registered as a sole proprietorship and later on as a one-person corporation, to cease and desist from selling or offering securities in the form of investment contracts until it has filed and secured the necessary license.
The SEC further ordered Chiyuto and Creative Wealth from transacting business involving funds in its depository banks and from transferring, disposing,or conveying any related assets to ensure their preservation for the benefit of the affected investors.
The order covers Chiyuto’s owner, principal, proprietor and sole stockholder-director-president Patrocenio Chiyuto, Jr., nominee Judy B. Pajarillo and alternate nominee Felomina Andrada.
It also extends to other officers, agents, and influencers, including Maricris Can Chiyuto, Maria Christina Chiyuto Canobida, Naneth Barruela, Aureliza Apa-Ap, Capiz Buy and Sell Anything, Kiaka Avel Cho, and Santiago City Online Market.