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SEC Issues Alert on Unregistered Investment Schemes by DigiVault Trading and Altstrade

The Securities and Exchange Commission (SEC) has issued a cautionary notice to the public regarding their dealings with DigiVault Trading and Altstrade, highlighting that these entities are not authorised to solicit investments due to lack of registration with the SEC.

The SEC has brought to attention that DigiVault Trading has been promoting investment packages promising returns ranging from a modest 15% to an eye-catching 357%, depending on the amount and duration of the investment. These packages allow for investments starting from as little as P50 to as much as P500,000, with promised returns materialising within five to 75 days. Additionally, DigiVault Trading entices with a direct referral bonus scheme, offering rewards between 5% and 25%.

Conversely, Altstrade has been luring investors with the promise of generating returns between 30% and 500% on investments commencing at P1,000, with a lock-in period spanning from seven days to two months. Moreover, Altstrade offers a referral commission system, promising a 10% direct and a 1% indirect commission from referrals spread across the second to the tenth level.

The SEC has clarified that neither entity has secured the necessary registrations and licences as required under Sections 8, 12, and 28 of the Securities Regulation Code (SRC), essential for legally soliciting investments. This absence of authorisation means DigiVault Trading and Altstrade are not permitted to offer, sell, or distribute any investment or securities to the public.

Through this advisory, the SEC underscores the critical nature of verifying the registration and licensing status of entities before engaging in investment activities, reinforcing its commitment to regulatory enforcement and investor protection.

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