7-Eleven warns vs SEC-flagged firm soliciting investments

ABS-CBN News

<p>MANILA - The operator of the 7-Eleven chain of convenience stores on Monday warned against businesses using its brand to solicit investments from the public. </p><p>Philippine Seven Corp said it is the official licensee of 7-Eleven in the country and that it is not in any way affiliated in any way with &quot;7-Eleven Electronic Commerce Limited&quot; or &quot;7-Eleven Electronic Commerce Limited-Passi Branch.&quot;</p><p>The company made the announcement after the Securities and Exchange Commission warned against dealing with the business entities.</p><p>The SEC said the firms are doing unauthorized solicitation of investments without the necessary license from the Commission.</p><p>Other entities that the SEC warned against are:</p><ul>	<li>AJC 888 INC</li>	<li>DT TRADING DATA/DATA TECHNOLOGY TRADING</li>	<li>BETTER EXPERIENCE</li>	<li>NEW GEN-Z HOLDINGS MARKETING GROUP</li>	<li>KAMAYO SEAFOODS BUFFET/KAMAYO SEAFOODS FRANCHISING AND CO-OWNERSHIP PROGRAM/KAMAYO FOOD PARK CO-OWNERSHIP PROGRAM</li>	<li>HEDGE BIT TRADING INC.</li>	<li>ZTOCK operated and offered by WETRADE TECHNOLOGIES PTE LTD</li></ul><p>The agency said some of these groups&#x27; investment schemes resemble a Ponzi or pyramid scam where investors earn through recruitment fees instead of the sale of actual products/services.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/09/18/23/p155-million-lost-due-to-scams-from-jan-to-aug-2023-says-pnp-acg">P155 million lost due to scams from Jan to Aug 2023, says PNP-ACG</a></li></ul><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2851189" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The operator of the 7-Eleven chain of convenience stores on Monday warned against businesses using its brand to solicit investments from the public. 

7-Eleven warns vs SEC-flagged firm soliciting investments | ABS-CBN

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7-Eleven warns vs SEC-flagged firm soliciting investments

7-Eleven warns vs SEC-flagged firm soliciting investments

ABS-CBN News

Published Nov 13, 2023 01:41 PM PHT

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7-Eleven

SEC

Ponzi scheme

pyramid scam

investment scam

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