BUSINESS
Advocates Philippines
SEC Warns Public: Scammers Posing As COL Financial Agents Target InvestorS
Photo credit: SEC
The Securities and Exchange Commission (SEC) has issued a strong warning to the public about scammers pretending to be representatives of COL Financial Group, Inc., one of the country’s top online stock brokerage firms.
According to the advisory, these fraudsters have been using fake IDs, fabricated documents, bogus bank accounts, and imitation websites to lure unsuspecting investors. Their common trick? Convincing victims to pay so-called “tax fees” or “withdrawal charges” for investments that don’t actually exist.
“These are fraudulent investment schemes punishable under the Financial Products and Services Consumer Protection Act (FCPA) and the Securities Regulation Code (SRC),” the SEC reminded the public.
Authorities are urging everyone to be cautious and verify first before investing in any online offer claiming to represent COL Financial or any other licensed investment company.
The SEC advises anyone who encounters suspicious investment activities or receives fake documents to report them immediately to the SEC Enforcement and Investor Protection Department via epd@sec.gov.ph.
As scams become increasingly sophisticated, regulators are reminding Filipinos that a quick verification can make all the difference — “When in doubt, check it out before you cash it out.”
According to the advisory, these fraudsters have been using fake IDs, fabricated documents, bogus bank accounts, and imitation websites to lure unsuspecting investors. Their common trick? Convincing victims to pay so-called “tax fees” or “withdrawal charges” for investments that don’t actually exist.
“These are fraudulent investment schemes punishable under the Financial Products and Services Consumer Protection Act (FCPA) and the Securities Regulation Code (SRC),” the SEC reminded the public.
Authorities are urging everyone to be cautious and verify first before investing in any online offer claiming to represent COL Financial or any other licensed investment company.
The SEC advises anyone who encounters suspicious investment activities or receives fake documents to report them immediately to the SEC Enforcement and Investor Protection Department via epd@sec.gov.ph.
As scams become increasingly sophisticated, regulators are reminding Filipinos that a quick verification can make all the difference — “When in doubt, check it out before you cash it out.”
Oct 13, 2025
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