The Philippine Securities and Exchange Commission (SEC) issued cease and desist orders (CDOs) in July 2025 against Pacific Union LLC (PU Prime) and Fortune Wave Solution Hub OPC (Fortune Wave) for participating in illegal investment schemes.

Both entities were also offering and selling unregistered securities without the necessary licenses or registrations.

The SEC’s Enforcement and Investor Protection Department (EIPD) investigations revealed that PU Prime offered unregistered and leveraged trading services, promising high returns and deposit bonuses on investments ranging from USD $50 to USD $10,000.

Similarly, Fortune Wave offered investment contracts on Facebook, with daily plans ranging from PHP 1,000 to PHP 500,000, and promised high yields and a money-back guarantee.

These actions violated the Securities Regulation Code (SRC), specifically Sections 8 and 28, which require securities registration and proper licensing for brokers or dealers.

The SEC emphasised that it issued the CDOs “to protect the investing public from investing in unregistered securities which have not complied with the minimum regulatory requirements prescribed by law, rules and regulations”.

The Commission stated that it must prevent these illegal activities, as they “expose the investing public to the risk of sustaining loss, damage, irreparable injury or prejudice”.

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