The Securities and Exchange Commission (SEC) has ordered three investment schemes to stop soliciting funds from the public, including a website promoting AI-assisted stock trading and a business advertising guaranteed returns on social media.
In separate cease and desist orders, the SEC directed AI Quest Trading, G’s Kicks Billard Hall, and NShop/M&N Online Shop/NFunds to stop offering unregistered investment contracts. The orders also require them to end their online activity related to the schemes.
AI Quest invited users to register on its website and choose from investment plans costing P500 to P1 million. It promised returns ranging from 30% in seven days to 150% in 30 days through purported AI-assisted stock trading, according to the SEC.
G’s Kicks promoted its offer through social media, promising what it called risk-free or guaranteed returns of 8% to 10% in 30 days and quick withdrawals, the SEC said.
The commission said NShop and its related names continued soliciting investments after it issued an advisory against their operations in June 2026.
The orders cover Gabriel Fernandez Vasallo for G’s Kicks, Nathalie Jean Bersamina for NShop, and Erica Aguilar for AI Quest, along with people acting on their behalf.
The SEC also prohibited transactions involving funds in their depository banks and the transfer of assets under their control.
According to the SEC, none of the three entities is registered with it as a corporation or partnership or has authority to offer securities. It also said Bersamina conducted lending activities through entities that were not registered as lending companies.
