3 June 2019

SEC WARNS THE PUBLIC OF ADA FARM and BroilerPRENEUR

INVESTMENT SCHEMES
The Securities and Exchange Commission (SEC) has advised the public to exercise
caution before investing in ADA FARM and BroilerPRENEUR, both unauthorized to
conduct investment-solicitation activities.

In the advisory released on May 30, the Commission has warned the public of the
investment scheme of ADA Farm Agri Ventures (ADA FARM) which entices the public to
invest by purchasing a minimum of ten (10) chicks worth Php 500.00 with a guaranteed
profit of 80% in 60 days.

Likewise, SEC advised the public to exercise caution in dealing with BroilerPreneur
Corporation (BroilerPRENEUR) which promises the public 100% to 1100% return of
investment by buying, selling and breeding of chicks.

ADA Farm is not registered as a corporation or partnership in the Commission while

BroilerPRENEUR, although registered as a stock corporation, has primary purpose which
is limited only in engaging, conducting and carrying on the business of consumer
services, production, buying and selling, distributing, direct selling, and online marketing
at wholesale and retail of chicks, chicken and other related products.

Both ADA Farm and BroilerPRENEUR are unauthorized to solicit investments from the
public for not securing prior registration and license to offer, solicit, sell or distribute any
investment/securities from the Commission.

Pursuant to Section 8 and 28 of the Securities and Regulation Code, “where the scheme
involves the sale of securities to the public, the SRC requires that the issuing person
and/or entity must be a registered corporation with SEC, the said securities offered are
duly registered and that the appropriate license and/or permit to sell securities to the
public are issued to the corporation and/or its agents.”

Consequently, those who act as salesmen, brokers, dealers or agents of ADA FARM and
BroilerPRENEUR in selling or convincing people to invest in the investment scheme

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Office of the Commission Secretary
S-309, 3F PICC Secretariat Building
Philippine International Convention Center (PICC) Complex
Pasay City
888-8141 ; 818-5478
including solicitations or recruitment through the internet may be prosecuted and held
criminally liable under Section 28 of the SRC.

Moreover, they may be penalized with a maximum fine of Five Million pesos
(P5,000,000.00) or maximum penalty of Twenty-One (21) years imprisonment or both
pursuant to Section 73 of the SRC.

Accordingly, those who invite or recruit other people to join or invest in this venture or
offer contracts or securities to the public may be held liable or accordingly sanctioned or
penalized in accordance with the Supreme Court decision in the case of SEC vs. Oudine
Santos.

In this light, the public is advised to exercise caution in investing their money which may
turn out to be Fraudelent Investment schemes and to take the necessary precaution in
dealing with ADA FARM and BroilerPRENEUR and their representatives.

The public is encouraged to report any information regarding the operation of ADA FARM
and BroilerPRENEUR by calling the SEC Enforcement and Investor Protection
Department at (02) 818-6337 and (02) 818-5324.

END

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Office of the Commission Secretary
S-309, 3F PICC Secretariat Building
Philippine International Convention Center (PICC) Complex
Pasay City
888-8141 ; 818-5478