The Securities and Exchange Commission (SEC) has teamed up with Google and Apple to work for the removal of applications operated by cryptocurrency giant Binance in app marketplaces accessible in the Philippines. In separate letters addressed to Google and Apple dated April 19, the SEC has...
The officers and shareholders of MFT Group of Companies and The Foundry Ventures issued a statement reiterating their position that “we never engaged in securities transactions in violation of the Revised Securities Act.” They noted that the Securities and Exchange Commission has filed a...
Accounting firm Isla Lipana & Co. issued a statement pointing out that it is the auditor of Maria Francesca Tan (MFT) Group of Companies, Inc. only, and not any other companies under the group. “‘Maria Francesca Tan (MFT) Group of Companies, Inc.’ is our audit client. While the name of...
The Securities and Exchange Commission (SEC) has made permanent the cease and desist order (CDO) it issued against Maria Francesca Tan (MFT) Group of Companies, Inc. and Foundry Ventures I, Inc., along with their officers and agents. In a resolution promulgated on April 1, the Commission En Banc...
The Securities and Exchange Commission (SEC) announced that it has removed the minimum amount of commission that stockbrokers may charge their customers as part of changes being implemented to spur trading activity in the Philippine Stock Exchange (PSE). The Commission on April 16 issued SEC...
The Philippine Stock Exchange (PSE) said it has no choice but to proceed with the initiation of delisting proceedings against Abra Mining Industrial Corporation (AR) pursuant to its Involuntary Delisting Rules after the Securities and Exchange Commission (SEC) found the firm to have "illegally"...
The Securities and Exchange Commission (SEC) and the University of the Philippines (UP) Law Center have joined hands to generate more research projects to help foster capital market development in the country. SEC Commissioner Karlo S. Bello and UP College of Law Associate Dean Solomon F. Lumba...
The Securities and Exchange Commission (SEC) has slapped fines amounting to more than P560 million on Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of unissued and unlisted shares from 2015...
TOKYO — Asian shares mostly declined Wednesday after Wall Street sank, hitting the brakes on what's been a nearly unstoppable romp. Japan's benchmark Nikkei 225 slid 0.8% in morning trading to 39,511.88. Sydney's S&P/ASX 200 slipped 1.3% to 7,788.20. South Korea's Kospi dropped...
President Marcos visited the wake of the late Securities and Exchange Commission (SEC) commissioner and lawyer Hubert Guevara to pay his last respects and remember the official as a friend and public servant. President Ferdinand 'Bongbong' Marcos Jr. visits the wake of SEC commissioner...
After several extensions of its amnesty program, the Securities and Exchange Commission (SEC) is finally imposing higher fines and penalties for the late and non-filing of reportorial requirements by corporations starting Monday, April 1. The Commission issued SEC Memorandum Circular No. 6, Series...
The Department of Finance (DOF) and the Securities and Exchange Commission (SEC) are discussing a plan to come out with clear guidelines governing the registration and trading of cryptocurrencies in the Philippines. In an interview after the induction of the officers of the Economic Journalists...
