Manila, Oct. 2 -- The Securities and Exchange Commission (SEC) has ordered Scentko World Corporation (Scentkoworld) and Brendahl Cruz Holdings, Inc. (Brendahl) to stop soliciting investments from the public through its "buy and earn" program. The Commission en banc issued the cease and desist order on September 24 against Scentkoworld, its purported parent (company) Brendahl, officers, directors, representatives, salesmen, agents and any and all persons claiming and acting for and in their behalf.
Scentkoworld and Brendahl were further enjoined from transacting business involving the funds in their depository banks, and from transferring, disposing or conveying in any other manner all related assets for the benefit of investors. The SEC al...