The Philippine Securities and Exchange Commission issued a cease and desist order against Pacific Union LLC, PU Prime Philippines, and/or PU Prime Support PH for allegedly soliciting investments from the public without the required approvals. The order directs the entities to immediately stop offering or selling unregistered securities and leveraged trading services to the public. The cease and desist order extends to named individuals and PU Prime’s representatives, agents, and promoters, and prohibits transactions involving funds held in the group’s depository banks as well as transfers or disposals of assets to preserve investors’ assets. The SEC’s Enforcement and Investor Protection Department found the group to be offering and selling securities and leveraged trading services without registration as a corporation or partnership and without the secondary license to act as a broker and/or dealer of securities, with prospective investors reportedly asked to invest USD 50 to USD 10,000 and promised guaranteed monthly returns of 10% and a 100% first-deposit bonus.
Philippine Securities and Exchange Commission 2025-07-09
Philippine Securities and Exchange Commission issues cease and desist order against PU Prime over unregistered securities and unlicensed leveraged trading
The Philippine SEC issued a cease and desist order against Pacific Union LLC for allegedly soliciting investments without necessary approvals. The order halts unregistered securities offerings and leveraged trading services, and prohibits asset transfers to protect investors. The SEC found the group lacked registration and licenses, with investors promised high returns on investments ranging from USD 50 to USD 10,000.