SEC-Cebu warns public against investment scams

Wenilyn B. Sabalo 06/09/2022

CEBU CITY, Philippines — The Securities and Exchange Commission (SEC)- Cebu Extension Office has warned the public against unauthorized investments brokered by individuals and entities operating without license and permits. In a letter to various local government…

SEC expands online payment options for clients

Wenilyn B. Sabalo 06/09/2022

CEBU CITY, Philippines – The Securities and Exchange Commission (SEC) continues to expand its online payment system, making it easier for the public to pay registration and transaction fees. In a statement on Thursday, June 9, 2022,…

NBI to public: Verify if firms are legit before investing in them

Mary Rose Sagarino 05/26/2022

MANDAUE CITY, Philippines — The National Bureau of Investigation Cebu District Office (NBI Cebdo) is reminding people who would want to invest in companies especially corporations to verify their activities to the Securities and Exchange Commission (SEC).…

SEC shutters five more online lending firms

Doris Dumlao-Abadilla 02/09/2022

The Securities and Exchange Commission (SEC) has ordered the immediate shutdown of five online lending operators that are offering loans to the public without any authority or even corporate vehicle to do so. In an order issued…

Robinsons realty firm plans P26.7B IPO for its REIT

Doris Dumlao-Abadilla - Reporter / @philbizwatcher 05/27/2021

MANILA, Philippines—Gokongwei-led Robinsons Land Corp. (RLC) plans to raise as much as P26.7 billion from the initial public offering of a real estate investment trust (REIT) that it will sponsor. According to a registration statement filed with…

CA affirms revocation of Ponzi firm’s registration with SEC

Carmelito Francisco 04/11/2021

DAVAO CITY—The Court of Appeals (CA) has upheld the decision of the Securities and Exchange Commission (SEC) to revoke the corporate registration of a company that was found to have defrauded thousands of people across the country.…

SEC extends deadline for GIS submission

Doris C. Bongcac 04/06/2021

MANDUE CITY, Cebu -The Securities and Exchange Commission (SEC) has announced the extension of the deadline for the submission of the General Information Sheet (GIS) to allow corporations enough time to cope with the implementation of quarantine…

Soon, firms can finally digitally file financial reports

Doris Dumalao-Abadilla 02/22/2021

The Securities and Exchange Commission (SEC) will soon require businesses to file their audited financial statements and other annual reportorial requirements through a new online submission tool (OST). This is to further limit in-person interactions especially at…

400% increase in scam, fraud entities

Morexette Marie B. Erram 11/08/2020

CEBU CITY, Philippines — Authorities remind Cebuanos once again to be wary of investment offerings while quarantine restrictions are still in place. This after the Securities and Exchange Commission (SEC) posted a 400 percent increase in the…

SEC ‘looking forward’ to progress of KAPA cases with scheme leader’s arrest

Alven Marie A. Timtim 07/25/2020

CEBU CITY, Philippines — The Securities and Exchange Commission (SEC) is “looking forward” to the progress of the pending cases against the Kapa-Community Ministry International (KAPA) after the recent arrest of its leader Joel Apolinario in Surigao…

Corporate debt funds eyed to prevent financial crunch amid COVID-19 crisis

Doris Dumlao-Abadilla - Reporter / @philbizwatcher 07/09/2020

The Securities and Exchange Commission seeks to help prevent the coronavirus (COVID-19) pandemic from spawning local financial crunch by soon allowing the creation of new investment vehicles called corporate debt funds (CDFs) that will primarily invest in…

SEC identifies more quick-rich schemes

Irene R. Sino Cruz 05/03/2020

CEBU CITY, Philippines —The Securities and Exchange Commission (SEC) has again found several quick-rich schemes that victimize the public. Lawyer Alma Marie Dalena, SEC Cebu Extension Office officer-in-charge, encouraged investors to think twice before investing their money…

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