Public warned against fake investment firm

THE Securities and Exchange Commission (SEC) has advised the public not to fall for the investment scheme being offered by OTC Automated Trading Platform, OTCJKE or JKE International Ltd., as it does not have the proper licenses to solicit investments.

"In its official Facebook group, the company represents itself as a high-frequency trading encryption platform where investors can earn 3 to 8 percent daily earnings which could be withdrawn anytime through a crypto wallet or a GCash account," the SEC said. "Moreover, the company also stated that it is a cryptocurrency subsidiary of the British JKE group, and is one of the companies that supports the Ukraine crisis."