DAVAO CITY – Another local company has become a subject of an advisory from the Securities and Exchange Commission (SEC) for luring investors to invest in its frozen products and grow their money even when it does not have any permit for the purpose. In its March 21 advisory, the SEC Enforcement and Investor Protection Department (EIPD) stated that the Davao Prime Summit Frozen Products Trading 'is not authorized to solicit investment from the public' and that it seemed it was employing a 'Ponzi-like scheme.

https://business.inquirer.net/393108/sec-flags-firm-that-sells-frozen-products-solicits-investments

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