TARLAC CITY, Tarlac (Sept. 16, 2024) — The Securities and Exchange Commission (SEC) has ordered Farm to Market (F2M) Agri-Farm OPC to stop soliciting investments from the public.
The SEC said that F2M does not have the necessary approvals from the Commission and should comply with its cease and desist order issued last month.
F2M has its main branch in Tarlac City and operates under the F2M Paalaga System, Hog Raising Business, F2M Agriventure, and F2M Digital Raisers.
In the now-deleted Facebook page of F2M, it solicits P5,000 for a piglet which the company will allegedly raise for the buyer in exchange for a P2,600 return after three months.
Section 8.1 of Republic Act (RA) No. 8799, otherwise known as the Securities Regulation Code, prohibits the offering and selling securities without a registration statement duly filed with and approved by the Commission.
The Paalaga System also constitutes financial fraud under RA No. 11765, or the Financial Products and Services Consumer Protection Act, which defines investment fraud as any form of deceptive solicitation of investments from the public.
