The Securities and Exchange Commission (SEC) secured another win with the conviction of seven investment scammers behind One Dream Marketing Inc. for the illegal offer of securities and engaging in fraudulent transactions. In a statement, the SEC said the Regional Trial Court in Batangas sentenced...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Wellcons Unlimited Systems, Inc. for illegally solicit investments from the public through a “double-your-money” scheme that resembles a Ponzi scam. In its order, the SEC Enforcement and Investor Protection...
ACEN Corporation, the energy investment arm of the Ayala group, will be issuing P30-billion worth of debt securities to bankroll its array of renewable energy projects. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that it will file an application with the Securities...
The Securities and Exchange Commission (SEC) has ordered Wellcons Unlimited Systems, Inc. to stop offering investment packages to the public because it does not have the necessary license from the Commission. In a statement, the SEC said the Commission En Banc directed Wellcons to immediately cease...
The Securities and Exchange Commission (SEC) has approved the planned P2.68 billion listing of LFM Properties Corporation on the stock exchange by way of introduction. In its meeting on June 28, the Commission En Banc rendered effective the registration statement of LFM Properties covering up to...
The Securities and Exchange Commission (SEC) vowed to continue advancing reforms and programs that will enable the growth of the capital market and the broader corporate sector under the new administration. “We recognize our vital role in the country’s economic growth and recovery, being the...
President Ferdinand Marcos Jr. will be inheriting from former President Rodrigo Duterte a capital market that is currently reeling from the impact of a combination of rising inflation and interest rates, and risks of a global recession and food shortage. Data from the Securities and Exchange...
The Philippines' transportation system will be transformed and elevated into global standards as the Department of Transportation (DOTr) under the administration of President Bongbong Marcos will focus its efforts on moving passengers and goods, newly-minted Secretary Jaime Bautista said on Friday,...
The Securities and Exchange Commission (SEC) has been commended by former President Rodrigo Duterte for its contributions to uplifting the Philippine economy through innovative reforms and programs amid the pandemic. “I give due recognition to the officials and employees of the SEC for your...
Outgoing Senator Leila de Lima on Thursday, June 30 expressed her belief that the Securities Exchange Commission's revocation order against Rappler was part of the sinister plan of President Rodrigo Duterte. "The maliciously timed order to shutdown Rappler has Duterte’s vengeful imprint," de Lima...
Senator Risa Hontiveros on Wednesday, June 29 slammed the Securities and Exchange Commission’s (SEC) shutdown order against Rappler calling it a “truly deplorable” act. “It is truly deplorable that this administration continues to find new ways of threatening legitimate news organizations...
The Securities and Exchange Commission (SEC) has affirmed the revocation of the certificates of incorporation of Rappler, Inc. and Rappler Holdings Corporation (RHC) for their violation of constitutional and statutory restrictions on foreign ownership in mass media. In a statement, the SEC said...
