Philippine Stock Exchange Warns of Investment Scams

MANILA, PHILIPPINES – The Philippine Stock Exchange, Inc. (PSE) has issued an advisory warning the public against the proliferation of investment scams.

In a statement posted on its website, the PSE advised the public to be more discerning and cautious about investment solicitations and transactions as some may be of fraudulent nature.

PSE warns of investment scams
PSE warns of investment scams

“The Exchange enjoins potential investors to only deal with PSE-accredited brokerage firms, the list of which is available on the PSE website,” the PSE said.

Investors are likewise asked not to be swayed by unauthorized discounted pricing schemes offered to attract people to buy shares.

The PSE also warns listed companies, trading participants, and the public about the unauthorized use of the name of PSE President and CEO Hans B. Sicat in solicitations and business contracts.

“There have been several reports to the PSE about individuals posing as Mr. Sicat who have called different companies asking for money or giving updates on alleged PSE dealings,” it said. –