Neri Naig. Image: Instagram/@mrsnerimiranda
The Securities and Exchange Commission (SEC) said Neri Naig, who was arrested over charges for estafa and securities violation, supposedly “enticed investments” into the dermatological company she endorsed lwithout having the license to do so.
“Ang nakuha naming mga impormasyon po ay siya po ay parang naghikayat ng mga investments dun sa Beyond Skin Care. Yun po yung kumpanya na iniimbestigahan po,” SEC Enforcement and Investment Protection Department Director Filbert Catalino Flores III said in a “Teleradyo Serbisyo” interview on Thursday, Nov. 28.
Article continues after this advertisement(According to the information we got, she enticed investments into Beyond Skin Care, the company that is being investigated.)
FEATURED STORIES ENTERTAINMENT Andrea del Rosario recalls meeting Vin Diesel, being invited to his parties ENTERTAINMENT Karla Estrada reveals grandson’s face; Daniel Padilla gushes over nephew ENTERTAINMENT The sweetest fandom party just unwrapped itself: Oreo Ice Cream fans gather for iconic party“Sa Securities Regulation Code, ‘yung Section 28 na binanggit po, ang kailangan po kapag ang isa ay involved sa buying and selling ng securities po, investment contracts, etcetara, ‘yan po ay kailangan nakarehistro sa SEC,” he continued.
(In Section 28 of the Securities Regulation Code that was mentioned, a person involved in buying and selling securities, investment contracts and the likes should be registered under SEC.)
Article continues after this advertisementFlores underscored that the SEC requires such registration to “maintain the integrity of the investment and capital market.”
Article continues after this advertisementSpeaking about the defense of Naig’s husband, musician Chito Miranda, that the actress was just a mere “talent” or endorser of the company, Flores explained, “Kung ang in-endorse lang naman niya, kunwari ay itong produkto na ito or sinasabi lang na ‘Magpunta kayo d’yan, maganda mag-makeup d’yan’—’yung mga ganon, walang problema yan.”
Article continues after this advertisement(If she just endorsed the company’s products and services, and persuaded customers to visit the establishment, then there would be no problem with that.)
“Pero kapag ang sinabi, ‘Magandang investment ‘to kasi kikita kayo ng ganito, kikita kayo ng 10 percent or something,’ involved na kayo sa buying and selling of securities. Kailangan rehistrado na po kayo,” he stressed.
Article continues after this advertisement(But if she talked about investments and said, “You will earn a certain amount here, 10 percent or something,” then she was already involved in buying and selling of securities. She must have the license to do such.)
Flores then underscored that securities violation is a bailable offense, and that Naig has been detained due to the syndicated estafa complaint against her.
Subscribe to our daily newsletter
Naig was arrested last Nov. 23 and is now detained at the Pasay City Jail female dormitory. Her arraignment for the alleged securities violation reportedly did not proceed on Thursday after her camp filed a motion to quash.kudos8
READ NEXT Ador claims exclusive contracts with NewJeans still valid NewJeans terminates contract with ADOR, won’t give up on gro... EDITORS' PICK South Korea scrambles jets as Chinese, Russian warplanes approach Artist Maria Angelica Tan explores what it means to be a Chinese Filipina in an ever-growing world PBA: Meralco rallies from 23 down to beat Phoenix EXPLAINER: What is a nuisance candidate? NBI seeks VP Sara Duterte’s cooperation in probing threats to her life Manila Water to customers: Include septic tank desludging in holiday checklist MOST READ Comelec junks plea of 18 nuisance bets, one of them to seek SC's help South Korea scrambles jets as Chinese, Russian warplanes approach BIZ BUZZ: Power couple’s Polo Club bid foiled Taguba says he never changed tune on Paolo Duterte Follow @FMangosingINQ on Twitter --> View comments