The Securities and Exchange Commission has issued an advisory against Avante Consortium OPC and Opulent Skin Co OPC, warning the public over unauthorized investment solicitation activities, BusinessWorld reported.
The regulator said it is investigating the companies after reports surfaced of investment offers being promoted on social media without the required secondary license. Both firms have been flagged for potentially violating securities regulations.
The SEC reminded the public to verify the registration status of entities offering investments and to report suspicious activities to the commission.