The Department of Migrant Workers (DMW) has partnered with the Securities and Exchange Commission (SEC), for the financial literacy and investor protection for overseas Filipino workers (OFWs) and their families. DMW officer-in-charge Undersecretary Hans Leo J. Cacdac said the move is aimed...
The Securities and Exchange Commission (SEC) and the Anti-Money Laundering Council (AMLC) have filed a money laundering complaint against Silverlion Livestock Trading Corporation which was found to be illegally soliciting investments from the public. Through Deputized AMLC Financial Investigators,...
The Securities and Exchange Commission (SEC) is considering extending the deadline of its amnesty program further as representatives of business groups sued for more time before sitting down to discuss their complaint of the higher fees and charges to be implemented. In a press briefing Thursday,...
The Securities and Exchange Commission (SEC) will meet with business groups on Thursday, Oct. 12, to discuss complaints on the proposed revised schedule of certain fees and charges which is deemed too high. In a statement, the SEC welcomed the points and notes the concerns raised by business groups...
The Securities and Exchange Commission (SEC) has advised the public against dealing with Hoperices Investment and 99 Dragons PH due to their unauthorized solicitation of investments without the necessary license from the Commission. In an advisory, the SEC said Hoperices claims that it is an...
The Securities and Exchange Commission (SEC) has flagged three more groups, including one pretending to be US investment bank Morgan Stanley, that are offering investment schemes even though they have not secured the necessary permits. In several advisories, the SEC advised the public against...
The Securities and Exchange Commission (SEC) is revising its Sustainability Reporting (SR) Guidelines for publicly listed companies (PLCs) to reflect the latest developments in global sustainability frameworks. The SEC said it has issued for public comment on Oct. 4 the draft Memorandum Circular on...
The Securities and Exchange Commission (SEC) has partnered with the United Nations Office on Drugs and Crime (UNODC) and Open Ownership (OO) in using its beneficial ownership data (BOD) to promote tax integrity. Last Sept. 22, the SEC conducted a focus group discussion (FGD) on Beneficial Ownership...
After repeated warnings of drastically increasing penalties by October, the Securities and Exchange Commission (SEC) has granted a final one-month extension for amnesty applications of non-compliant and suspended or revoked corporations. Corporations, which have incurred penalties for the...
The Securities and Exchange Commission (SEC) and the Philippines’ leading finance super app GCash have signed a memorandum of agreement (MOA) to go after perpetrators of online fraud, e-scams, and other cybercrimes. Under the agreement, GCash will assist and cooperate with the SEC in...
The Securities and Exchange Commission (SEC) has relaxed the disclosure requirements for public offerings as part of guidelines issued to streamline the process for companies seeking to raise funds from the capital market. SEC Chairperson Emilio B. Aquino “The streamlined procedures are part of...
The Securities and Exchange Commission (SEC) has teamed up with the United Nations Office on Drugs and Crime (UNODC) and Open Ownership (OO) for the potential use of beneficial ownership data in curbing corruption in the government procurement process. The SEC and UNODC recently organized a focus...
