MANILA, Philippines - On March 9, 2015, Salve Duplito of ANC’s On the Money aired that One Lightning Corp. is allegedly engaged in investment taking activities without the appropriate registration, which violates the Securities Regulation Code.
Also, OLC learned through its own internal investigation that some speakers or certain sales materials might have used certain terms that were deemed inappropriate and confusing during client presentations. Hence, the issuance of the Advisory.
Given this, One Lightning Corp. consulted its lawyers and, through them, submitted on March 16, 2015 an undertaking manifesting its willingness to participate in any investigation of the SEC.
OLC and its legal team shall await procedural steps to be prescribed by The commission.
One Lighting Corp. maintains that it is a legitimate corporation engaged in trading which exclusively sells various health and beauty, beverage products through direct selling. The said products were recently awarded with Superbrands distinction by the global independent brand arbiter.