Sen. Robin Padilla, naghain ng panukalang batas para protektahan laban sa investment scams ang mga endorser

PTVPhilippines

Sen. Robin Padilla, naghain ng panukalang batas para protektahan laban sa investment scams ang mga endorser  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

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00:00Senator Robin Padilla has passed a bill to protect the artists who endorse products or companies from investment scams.

00:09Under Senate Bill 2899, all endorsed products have an agreement,

00:15and it is based on the type of business and all products included in the endorsement.

00:21It also provides protection to the endorsers, their relationship with the company,

00:26and they should have nothing to do with the sale of any product.

00:30An endorser will only comply with the law if he is a business agent

00:35or not authorized to sell investment contracts or securities,

00:40fined P100,000 for the first fraud, P300,000 for the second fraud,

00:46and P500,000 up to P1,000,000 for the third fraud.

00:53And they should have a Visa with a Certificate of Registration.

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