Veteran stockbrokers Ma. Vivian Yuchengco and Eddie T. Gobing have asked the Court of Appeals to bar the Securities and Exchange Commission (SEC) from implementing its new rule imposing term limits on broker-directors of the Philippine Stock Exchange (PSE) board. In their petition, they asked the...
The Securities and Exchange Commission (SEC) is urging micro, small, and medium enterprises to incorporate their businesses, aiming to connect small operations with capital market fundraising to drive long-term expansion. The call comes as the corporate regulator wrapped up a three-day event...
The Securities and Exchange Commission (SEC) approved rules allowing the registration and trading of structured warrants, introducing a new derivative product intended to boost liquidity and broaden investment options in the local capital market. Speaking during the SEC on Record weekly online...
The Bangko Sentral ng Pilipinas (BSP) cautioned the public against transacting with Bangko Maharlika Ltd., an entity currently operating under the name “The Bank of Humanity,” stating that the firm lacks the legal authority to conduct financial services in the country. In an advisory issued...
The Securities and Exchange Commission (SEC) has launched its Sukuk framework to advance the development of the country’s Islamic finance market by encouraging companies to offer Shari’ah-compliant investment products. In partnership with the Manila-based Asian Development Bank (ADB), the SEC...
The Securities and Exchange Commission (SEC) has slapped a ₱1.03 million fine on Inclusive Credit Lending, Inc. for imposing excessive interest rates of up to 262.67 percent and engaging in unfair debt collection practices, including threats and public shaming. In an order dated July 21, the SEC...
To improve the quality, completeness, and timeliness of national economic data, the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC), and the Philippine Statistics Authority (PSA) have entered into a data-sharing agreement. Spearheaded by Finance Secretary Frederick...
Lopez Holdings Corporation and subsidiary First Philippine Holdings Corporation have again moved back the dates for their respective annual stockholders’ meetings amid the ongoing dispute between a majority of the Lopez family and their cousin Federico “Piki” Lopez. According to Lopez...
The Securities and Exchange Commission (SEC) has slapped a ₱1.1 million fine on Fast Coin Lending Corporation for engaging in unfair debt collection practices and imposing interest rates beyond legal limits. In an order, the SEC Financing and Lending Companies Department (FLCD) found Fast Coin...
The Securities and Exchange Commission (SEC) is proposing an overhaul of its regulations governing credit rating agencies to bolster the integrity of the local debt market and attract broader investor participation. In a draft memorandum circular released for public comment, the regulatory body...
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order (CDO) against EF Easy Franchise Technological Ventures Inc., which counts popular show host Rene “RJ” Ledesma as a co-founder, to stop its illegal solicitation of investments from the public for so-called franchise...
The Securities and Exchange Commission (SEC) found a surge in quality management deficiencies among the nation’s largest accounting firms in its latest multiyear inspection cycle, even as individual corporate audits showed signs of improvement. The regulator’s 2026 SEC Oversight Assurance...
