THE Securities and Exchange Commission (SEC) said the Department of Justice (DoJ) has recommended the filing of criminal charges against Opsytech Corp. and its agents for allegedly soliciting investments from the public without proper authorization. Under Sections 8 and 28 of the SRC, entities offering securities to the public must first secure registration and a secondary license from the SEC. The case stems from complaints received by the Commission regarding Opsytech offering a business loan scheme to raise funds for capital expenditures. According to the SEC, Opsytech promoted returns of 2% to 9% per month on a minimum P100,000 investment, locked in for one year and backed by postdated checks. The finding also noted that Opsytech lacked the required registration or authority to sell, offer, or distribute securities under the SRC.