What happened
BitPinas reported on 13 November 2026 that the Philippine Securities and Exchange Commission (SEC) issued a cease and desist order, dated Nov. 11, 2026, from its Enforcement and Investor Protection Department against Stryder Resources and its chairman John Hubert S. Maravilla Jr. According to the report, the SEC found the company actively solicited investments on Facebook without the secondary license needed to offer securities, in violation of the Securities Regulation Code and the Financial Products and Services Consumer Protection Act. Stryder Resources promoted an e-commerce scheme with guaranteed high yields, including a 'seed' program requiring a PHP 500 deposit for a PHP 600 return in five days and an 'accelerate' program promising an 80% return on a PHP 5,000 deposit in 24 days, plus a 10% direct referral bonus and a 1% indirect downline bonus. Although registered as a One Person Corporation, it holds no license to sell securities. The order directs it to halt operations and take down its digital platforms, and the SEC also ordered an asset freeze, prohibiting the company, its officers and promoters from transferring or disposing of assets or bank deposits to preserve funds for investors.
How the scam works
Unlicensed investment and 'AI trading' sites usually start with a polished sign-up form, a promised high or guaranteed return, and pressure to deposit quickly, often after a call or a message on Telegram. Early small withdrawals may be paid so that you send more. Clone firms copy the name, and sometimes the address or phone number, of a real authorised business. Check the firm on your national regulator's register, and type the official website yourself rather than following a link. A regulator warning or a block order is not a finding that a particular customer lost money; it is a notice that the site is not authorised to offer those services.
Source
Source: https://bitpinas.com/regulation/sec-vs-peso-flow-stryder/
