SEC Warns Celebrities: Beware of Endorsement Scams After Neri Naig's Arrest

GMA News Online on MSN.com

The Securities and Exchange Commission (SEC) has issued a warning to celebrities and popular personalities to be cautious when endorsing products or services, following the arrest of actress Neri Naig for alleged estafa and violation of the Securities Regulations Code. The SEC urged them to verify the legitimacy of the companies they endorse to avoid promoting illegal activities. This move aims to protect both celebrities and the public from potential scams and financial losses, promoting transparency and accountability in the endorsement industry, with a focus on SEC regulations and investment scams.