Securities Commission of Papua New Guinea

📢 INVESTOR AWARENESS: KNOW YOUR RIGHTS! 📢 As part of our "Know Your Market, Protect Your Investment" campaign, the Securities Commission of Papua New Guinea (SCPNG) is committed to protecting investors from scams and fraudulent schemes. Before you invest, KNOW YOUR RIGHTS and safeguard your hard-earned money! 🔍 YOUR RIGHTS AS AN INVESTOR 🔍 ✅ The Right to Clear & Accurate Information You have the right to receive truthful, complete, and transparent information about any investment opportunity. Beware of "too good to be true" promises! ✅ The Right to Verify if an Entity is Licensed Always check if the company or individual offering an investment is licensed by the Securities Commission of PNG. Unlicensed operators are illegal and could be running a scam! ✅ The Right to Ask Questions Before investing, ask: ❓ Is this company registered and licensed? ❓ What are the risks involved? ❓ How and when can I withdraw my funds? ✅ The Right to Report Suspicious Activities If you suspect fraud or an unlicensed investment scheme, report it to SCPNG immediately! Your vigilance helps protect others! 🚨 WARNING SIGNS OF SCAMS 🚨 ❌ Guaranteed high returns with no risk ❌ Pressure to invest quickly ❌ Unregistered companies or individuals ❌ No clear documentation or terms 🔎 BE INFORMED. BE VIGILANT. BE SAFE. 📞 Report suspicious investments to the Securities Commission of PNG 🔹 Follow us for more investor awareness updates! #KnowYourMarket #ProtectYourInvestment #SCPNG #InvestorAwareness #StopScamsPNG

🚨 Protect Yourself from Investment Scams! 🚨 We’re excited to introduce the Online Investment Scam Alert Form – your portal to report suspicious investment schemes directly to the Securities Commission of Papua New Guinea. 📩 Report here: https://lnkd.in/g_J__k39 Your voice matters in helping us combat rising scams, protect investors, and create a safer market for everyone. 🔍 Have you encountered: • Promises of “quick returns” or “guaranteed profits”? • Unlicensed or questionable investment opportunities? • Anything that doesn’t feel right about an investment offer? 👉 Take action now! Report it anonymously or openly via our new form. Together, we can stop scammers and safeguard your investments. 📢 Share this post to spread the word and help protect others in our community! #InvestorProtection #StopScams #KnowYourMarketProtectYourInvestment

SEASONAL MESSAGE As we celebrate the festive season and welcome the New Year, the Securities Commission of Papua New Guinea (SCPNG) extends our heartfelt wishes to all Papua New Guineans and participants of the PNG’s Capital Markets. This is a time for joy, reflection, and envisioning a prosperous future. We encourage you to celebrate responsibly, make wise financial decisions, and protect your financial well-being. Together, let us continue working toward a transparent and secure financial environment for our families and communities. May your Christmas be filled with happiness, and may the New Year bring peace and prosperity.

WARNING OF FAST MONEY SCHEMES/SCAMS The Securities Commission of Papua New Guinea wishes to alert the public of the growing number of fast money scams and pyramid schemes that are disguised as investment schemes offering unrealistically high returns. These schemes and scams are targeting individuals and communities across the country, particularly during the festive season. These schemes and scams are designed to lure the general public by publicizing high returns of the early investors, which are most likely sourced from the proceeds of further funds raised from other investors and not from a genuine investment strategy. These schemes and scams are designed to collect funds from the latter investors under the false promise of unrealistically high returns in a short period of time. Usually one or two small dividends payments are first made to the unsuspecting latter investors to lure them in however these dividend payments usually stop and the participants/investors are pressured to invest more money in a short period of time. Once a participant has invested, these scams tend to pressure the participant into investing more money in the scam in a short period of time, under the false promise of receiving an unrealistically high “windfall” in the coming days or weeks. These type of scams are designed to deceive participants into investing their hard earned money and usually once they have collected large sums of money from thousands of investors, these scammers usually disappear with the funds. Once regulatory authorities become aware of the scam through complaints posted by the participants it is usually too late for regulatory action as the scammers usually clean out the accounts and go into hiding. Therefore awareness and prevention is important. Please advise your relatives and relations not to invest in schemes and scams that promise unrealistically high returns. The above are all major red flag warning signs that you are investing your hard earned money in a fast money scam or pyramid scheme in which you will eventually lose all your investments. THREFORE BE AWARE OF THE WARNING SIGNS: 1.   Unrealistic promises of “guaranteed” high returns. 2.   Pressure to invest “immediately”. 3.   Vague or unclear “business models”. 4.   Unlicensed Operators not registered with SCPNG or relevant regulatory authorities. 5.   Pyramid or Ponzi Structures

WARNIM LONG OL FAST MANI SKIM NA SKEM Securities Commission bilong Papua Niugini i laik tokaut long ol pipol long kantri olsem ol fast mani skim na pyramid skim i stap we ol i wok long guria olsem ol invesmen skim na givim bikpela profit we i no tru. Ol dispela skim na skem i save lukim na targetim ol pipol na komyuniti long olgeta hap bilong kantri, moa yet long taim bilong fesiv sisen. Ol dispela skim na skem i save bagarapim ol pipol long soim ol profit bilong ol namba wan investa we ol i kisim pinis. Tasol dispela mani i save kam long ol narapela investa we ol i bungim pinis na i no tru tru long wanpela stretpela invesmen plan. Ol dispela skim i wok long kisim mani bilong ol narapela investa na mekim promis bilong givim bikpela profit insait long liklik taim tasol, we dispela i no tru. Oltaim, ol dispela skem i save stat long givim wan o tupela liklik pe long ol nupela investa, olsem ol bai bilip na putim moa mani. Tasol bihain, ol dispela pe i save pinis kwik na ol investa i save pilim presur long putim moa mani kwik long dispela skim. Taim ol investa i putim mani pinis, ol SKEMmer bai mekim presur long ol inves moa wantaim giaman promis olsem ol bai kisim bikpela profit long liklik de o wik i kamap. Ol dispela skem i stap long giamanim ol pipol na kisim ol mani bilong ol. Taim ol skem lain i bungim bikpela mani pinis, ol bai ranawe wantaim mani na lusim olgeta samting. Taim ol otoriti long lukautim lo i save harim complain bilong ol pipol, oltaim em i pinis tumas, na ol skem lain i save kisim olgeta mani na ranawe pinis. Olsem na wok bilong soim save na stopim em i bikpela samting tru. Plis, tokim ol wantok na famili bilong yu long ol i no ken inves long ol dispela skim o skem we i promisim bikpela profit we i no tru. Ol dispela samting i soim olsem yu bai lusim olgeta mani bilong yu long wanpela fast mani skem o pyramid skim. OL MAK WE YU MAS LUKAUT LONG EN: Promis bilong “garantim” bikpela profit we i no tru. Presur long putim mani “kwik” nau tasol. Stori long bisnis plan we i no klia o i no save stret. Ol man o ofis we i no gat laisens o rigista wantaim Securities Commission bilong Papua Niugini o ol narapela lo otoriti. Ol pyramid o Ponzi stail bilong wok. LUKAUTIM YU NA MANI BILONG YU!

WARNING OF FAST MONEY SCHEMES/SCAMS The Securities Commission of Papua New Guinea wishes to alert the public of the growing number of fast money scams and pyramid schemes that are disguised as investment schemes offering unrealistically high returns. These schemes and scams are targeting individuals and communities across the country, particularly during the festive season. These schemes and scams are designed to lure the general public by publicizing high returns of the early investors, which are most likely sourced from the proceeds of further funds raised from other investors and not from a genuine investment strategy. These schemes and scams are designed to collect funds from the latter investors under the false promise of unrealistically high returns in a short period of time. Usually one or two small dividends payments are first made to the unsuspecting latter investors to lure them in however these dividend payments usually stop and the participants/investors are pressured to invest more money in a short period of time. Once a participant has invested, these scams tend to pressure the participant into investing more money in the scam in a short period of time, under the false promise of receiving an unrealistically high “windfall” in the coming days or weeks. These type of scams are designed to deceive participants into investing their hard earned money and usually once they have collected large sums of money from thousands of investors, these scammers usually disappear with the funds. Once regulatory authorities become aware of the scam through complaints posted by the participants it is usually too late for regulatory action as the scammers usually clean out the accounts and go into hiding. Therefore awareness and prevention is important. Please advise your relatives and relations not to invest in schemes and scams that promise unrealistically high returns. The above are all major red flag warning signs that you are investing your hard earned money in a fast money scam or pyramid scheme in which you will eventually lose all your investments. THREFORE BE AWARE OF THE WARNING SIGNS: 1.   Unrealistic promises of “guaranteed” high returns. 2.   Pressure to invest “immediately”. 3.   Vague or unclear “business models”. 4.   Unlicensed Operators not registered with SCPNG or relevant regulatory authorities. 5.   Pyramid or Ponzi Structures

𝐖𝐀𝐑𝐍𝐈𝐍𝐆: 𝐒𝐄𝐂𝐔𝐑𝐈𝐓𝐈𝐄𝐒 𝐂𝐎𝐌𝐌𝐈𝐒𝐒𝐈𝐎𝐍 𝐎𝐅 𝐏𝐀𝐏𝐔𝐀 𝐍𝐄𝐖 𝐆𝐔𝐈𝐍𝐄𝐀 (𝐒𝐂𝐏𝐍𝐆) 𝐖𝐀𝐑𝐍𝐒 𝐏𝐔𝐁𝐋𝐈𝐂 𝐀𝐆𝐀𝐈𝐍𝐒𝐓 𝐈𝐍𝐕𝐄𝐒𝐓𝐈𝐍𝐆 𝐈𝐍 𝐔𝐍𝐑𝐄𝐆𝐈𝐒𝐓𝐄𝐑𝐄𝐃 𝐎𝐑 𝐔𝐍𝐑𝐄𝐂𝐎𝐆𝐍𝐈𝐙𝐄𝐃 𝐔𝐍𝐈𝐓 𝐓𝐑𝐔𝐒𝐓𝐒 𝐀𝐍𝐃 𝐌𝐀𝐍𝐀𝐆𝐄𝐃 𝐈𝐍𝐕𝐄𝐒𝐓𝐌𝐄𝐍𝐓 𝐒𝐂𝐇𝐄𝐌𝐄𝐒 Port Moresby, November 11, 2024 – The Securities Commission of Papua New Guinea (SCPNG) strongly warns the public about the dangers of investing in unregistered or unrecognized unit trusts and managed investment schemes. These schemes lack regulatory oversight, exposing investors to significant financial risks. SCPNG Acting CEO Mr. James Joshua stated, “Unregistered schemes operate without proper scrutiny, transparency, or legal protections, often leading to severe financial losses.” Tips to Avoid Investment Scams: 1. Verify Registration: Ensure the scheme is registered with SCPNG. 2. Beware of Unrealistic Returns: Promises of high returns often signal fraud. 3. Conduct Research: Seek advice from licensed professionals. 4. Report Suspicious Activity: Notify SCPNG of unrecognized schemes. SCPNG clarifies that ENEG Investments Limited, posing as SSE PNG or SSE ENEG, is not licensed or registered. Other unregistered schemes include: 1. Golden Sun – Claims to pay based on movie reviews. 2. Faith G Credit Finance & Investment Ltd – Promises profits quadrupling investments. Understanding Legal Unit Trust Schemes: Per the Capital Markets Act, 2015, registered schemes: * Must operate under a Trust Deed approved by SCPNG. * Require trustees licensed by the Commission. * Must have at least 20 members. Registration legitimizes the scheme. SCPNG will prosecute unregistered operators under the law.

𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐅𝐮𝐭𝐮𝐫𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐋𝐞𝐚𝐝𝐞𝐫𝐬: 𝐒𝐂𝐏𝐍𝐆 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐬 𝐘𝐨𝐮𝐧𝐠 𝐌𝐢𝐧𝐝𝐬 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐂𝐚𝐦𝐩𝐚𝐢𝐠𝐧 𝐢𝐧 𝐌𝐢𝐥𝐧𝐞 𝐁𝐚𝐲 Port Moresby, August 12, 2024 – The Securities Commission of Papua New Guinea (SCPNG) proudly supported and participated in the Young Minds Savings Campaign (YMSC) in Milne Bay Province from August 7th to 9th. Acting Executive Chairman, Mr. James Joshua, highlighted the campaign’s focus on teaching students the importance of financial skills, emphasizing the theme "Save Now For A Secured Future." The campaign, part of the National Financial Inclusion Strategy led by the Centre for Excellence in Financial Inclusion (CEFI), saw banks such as BSP, MiBank, Mama Bank, and TISA Bank promoting savings products to students. Many eagerly opened new accounts, laying the foundation for a secure financial future. SCPNG also distributed informational brochures on its statutory regulatory functions, marking a significant step towards advancing investor education in PNG's capital market. The initiative, a collaboration with the Bank of Papua New Guinea (BPNG) and the Milne Bay Provincial Government, was SCPNG’s first engagement under a new MOU with CEFI.

𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐂𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐨𝐟 𝐏𝐚𝐩𝐮𝐚 𝐍𝐞𝐰 𝐆𝐮𝐢𝐧𝐞𝐚 𝐄𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐞𝐬 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐂𝐞𝐧𝐭𝐫𝐞 𝐟𝐨𝐫 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 𝐭𝐨 𝐀𝐝𝐯𝐚𝐧𝐜𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧. Port Moresby, May 15, 2024 – ‘Centre for Excellence in Financial Inclusion (CEFI) is a significant partner to promote capital market investor education’ – ‘said Mr. James Joshua, Acting Executive Chairman of Securities Commission of Papua New Guinea (SCPNG)’. Mr. James Joshua officially signed the Memorandum of Understanding (MOU) with the Executive Director of CEFI, Mr. Saliya Ranasinghe at the CEFI Conference Room, Credit House, Level 3, Port Moresby (Wednesday May 08), signifying the start of a long-term partnership. Signing of the MOU with CEFI is a momentous partnership that will facilitate and drive awareness about the Capital Market and the statutory functions SCPNG performs to the public. Mr. Joshua stated that the bulk of the people in PNG are unaware of the investment options available in the capital market, consequently, investment in the capital market space has declined in recent years. He added, investment options like debts and bonds in the capital market are viable alternatives besides the traditional investment avenues, the banks, and financial institutions. Our agenda under the MOU is to expand the capital market through investor education using CEFI’s existing partnerships with sector institutions and its provincial government engagement arrangements”, said Mr. Joshua. Executive Director of CEFI Mr. Ranasinghe acknowledged SCPNG for the partnership and pledged to incorporate capital market awareness in its financial inclusion programs. Mr. Ranasinghe said inclusion of capital market awareness in the financial inclusion programs usually predominant with banks and financial institutions is the next evolution phase of financial inclusion in PNG.  People will be taught how the stock exchange and other capital market product works”, Mr. Ranasinghe concluded. The MOU will be implemented over a three-year period and will possibly be extended into the future.