SEC issues cease and desist order vs ‘Superbreakthrough’ Juluis Allan Nolasco over investment scheme

Dennis Gutierrez 12/23/2023

The Securities and Exchange Commission (SEC) ordered Superbreakthrough Enterprises Corp. to stop the solicitation of investments from the public without the proper licensing. Superbreakthrough Enterprises Corp. is a marketing company operating under the name of “1UP Time.”…

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).…

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…

SEC Cebu now accepts online registrations

Delta Dyrecka Letigio 04/20/2021

CEBU CITY, Philippines — No more lines and waiting times for companies and corporations seeking a Securities and Exchange Commission (SEC) accreditation as the agency launched its Electronic Simplified Processing of Application for Registration of Company (eSPARC). …

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…

SEC eyes new investment vehicle to cushion economic fallout from COVID-19

Rosalie O. Abatayo 07/11/2020

CEBU CITY, Philippines — As part of its efforts to cushion the economic fallout brought by the coronavirus disease 2019 (COVID-19) pandemic, the Securities and Exchange Commission (SEC) is working on a new investment vehicle for the…

SEC-Cebu extends filing of audited financial statements to Aug. 7

Rosalie O. Abatayo 06/28/2020

CEBU CITY, Philippines —The deadline for the annual filing of the audited financial statements of corporations registered under the Securities and Exchange Commission (SEC) – Cebu Extension Office has been moved to August 7, 2020, following the…

SEC flags down more investment ‘scam’ groups

Rosalie O. Abatayo 05/27/2020

CEBU CITY, Philippines — The Securities and Exchange Commission has flagged more groups for alleged unauthorized solicitation of investments from the public. In an emailed press statement, SEC cautioned the public from investing in firms Aquitek Food…

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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