The Securities and Exchange Commission (SEC) has warned the public not to deal with companies offering investments or loans without proper registration and permits.
In an advisory, the SEC said Aura Financing Corp., also known as Aura Finance and Investments, is operating without being registered. The company allegedly offers loans from ₱6,000 to ₱20,000 with a 6% monthly interest rate, and investment packages from ₱10,000 to ₱100,000 promising 6% monthly returns.
The SEC also flagged Amari Luxe Aesthetic and Wellness Clinic and CRF Beauty within Salong and Spa (Cosmolash), both linked to owner Cecil Francisco. These businesses reportedly used social media to attract investors with guaranteed monthly returns of 10% to 12%. Some offers included co-ownership programs and partnerships requiring investments such as ₱50,000 in exchange for fixed monthly income.
In addition, the SEC warned against Backoffice Associates Philippines and the “Atome Loan: online lending app” for operating without authority. The agency said the Atome Loan app is not registered and may mislead users by using the name and logo of a legitimate financial service provider without permission.
The SEC reminded the public that companies must be registered and must secure proper licenses before offering investments or operating lending and financing services.
