THE Securities and Exchange Commission (SEC) is warning the public of an entity called Easy Play, owned and operated by Jenica Sarah Reganit, which offers compensation plans using the Paid-To-Click (PTC) Program.
According to SEC, Easy Play's investment scheme requires users to watch advertisements or videos in order to earn income through an electronic dashboard provided by the said entity which is likewise used to monitor the investor's account including the status, number of slots acquired, encashment request, and payouts.
SEC said PTC programs might promise significant gains from minimal investment by doing bogus clicking jobs, by logging in everyday or by obtaining referrals or buying ad packs.
“The public must be aware that some companies with PTC programs may be scams using the Ponzi schemes where money from new investors is used to pay fake 'profits' to earlier investors. Hence, the public must remain vigilant even if a PTC program claims it is not an investment scheme,” the Commission stated.
SEC added that Easy Play is not registered with the Commission as a corporation or partnership nor is it authorized to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the Securities Regulation Code.
The public is also encouraged to contact the Enforcement and Investor Protection Department if they have any information regarding any investment solicitation by any individuals or group of individuals representing Easy Play.