The Securities and Exchange Commission (SEC) has issued a stern warning against engaging with Pegasus International Ventures Inc., citing its unauthorized investment solicitation and potentially fraudulent operations.
In an advisory, the SEC said Pegasus International is luring the public through online platforms and physical offices by promising high returns via a binary-like or recruitment-based scheme—a model often associated with illegal investment scams.
Operated by Yolanda Bandiola Galecia, Delfin III Galecia, Llyod Louie Galecia, Reynate Casia Lascona, and Miralyn Abrio Yasol, the company does not hold a secondary license required to legally solicit investments, the SEC said.
“The mere registration of a corporation does not grant it the authority to solicit investments,” the SEC clarified, urging the public to exercise “extreme caution” with entities offering unrealistic earnings.
The warning underscores the regulatory body’s continued crackdown on unauthorized investment activities and serves as a reminder for corporations to comply strictly with licensing requirements before raising public funds.
