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The Securities and Exchange Commission (SEC) has ordered the shutdown of four online lending platforms that had been operating without the proper permits, imposing “unreasonable” terms and using “abusive” practices. The SEC issued the cease-and-desist order (CDO)…
CEBU CITY, Philippines—Unauthorized investment schemes continue to occur even during the coronavirus disease 2019 outbreak to prey on the public, the Securities and Exchange Commission (SEC) said in an emailed press release. The commission has been…
CEBU CITY, Philippines—Some financing companies (FCs) and lending companies (LCs) are now facing investigation from the Securities and Exchange Commission (SEC) for allegedly refusing to comply with the mandatory grace period on loan payments that fall…
CEBU CITY, Philippines—The Securities and Exchange Commission (SEC) has made it easier for corporations with less than five incorporators to apply for registration through its online system. “Before the interim online registration was rolled out, we would…
CEBU CITY, Philippines—Those planning to go into reselling should be cautious in dealing with individuals or groups pitching reseller business partnerships as a front for their unauthorized investment schemes. The Securities and Exchange Commission (SEC) issued this…
CEBU CITY, Philippines—In accordance with the government’s response to the coronavirus 2019 pandemic, the Securities and Exchange Commission (SEC) has transferred P2 billion from its accounts to the Bureau of Treasury. According to an emailed press release…
CEBU CITY, Philippines —While authorities are focused on stopping the spread of the coronavirus disease 2019 (COVID-19), several individuals and groups have been enticing the public to invest in fraudulent activities. In an emailed press release,…
CEBU CITY, Philippines—The Securities and Exchange Commission (SEC) has cautioned the public against investing or promoting Paya, a cryptocurrency offered by Payasian Pte. Ltd. Corp. In an emailed press release, SEC bared that it has issued a…
CEBU CITY—The Securities and Exchange Commission (SEC) urges all lending and financing companies to implement debt relief measures to their borrowers. The commission came up with this suggestion in a notice it issued on March 23 that…
CEBU CITY, Philippines—The Securities and Exchange Commission (SEC) is finalizing measures to help mitigate impact of the coronavirus outbreak on corporations. “In line with the President’s declaration of a state of public health emergency, the Commission will…
It is only in the exceptional case of clear and existing danger to the safety of the crew or vessel that the required notices are dispensed with in cases of a seafarer’s dismissal. The untimely termination of…
CEBU CITY–The Securities and Exchange Commission (SEC) has ordered three more online lending firms to stop their illegal operations. SEC, in an emailed press statement, said Peso Tree, Pesoalo and Pinoy Cash Loan did not have the…
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