The Securities and Exchange Commission (SEC) has issued a cease and desist order against entities involved in the unauthorized use of Ayala Corporation’s name to illegally solicit investments from the public. In an order dated Feb. 22, the Commission En Banc directed Ayala Corporation Group Inc.,...
The Securities and Exchange Commission (SEC) has simplified the registration process for power companies opting for initial public offering (IPO) and other forms of stock offering that they will be pursuing at the local bourse. According to the Energy Regulatory Commission (ERC), the streamlined...
The Securities and Exchange Commission (SEC) has made it faster for power generation companies and distribution utilities to raise funds from public offerings by streamlining its registration process. The Commission has issued SEC Memorandum Circular No. 4, Series of 2024, aimed at Securing and...
The Securities and Exchange Commission (SEC) announced that corporations may now file amendments to their articles of incorporation (AoI) or by-laws online as part of its efforts to launch new digital systems that will streamline and automate its processes. The Commission recently issued SEC...
After several extensions of its amnesty period, the Securities and Exchange Commission (SEC) has ordered the suspension of the corporate registration of about 118,000 corporations for failure to comply with reportorial requirements. In an order dated Feb. 16, the SEC Company Registration and...
The Securities and Exchange Commission (SEC) has issued a warning against investing in Tonik-Shop for allegedly engaging in the unauthorized solicitation of investments without the necessary license from the SEC. In its latest advisory to the public, the SEC said Tonik-Shop is engaged in a scheme...
The Securities and Exchange Commission (SEC) has advised the public against dealing with Reveal Beauty and Wellness Digital Marketing, and Camacho Packaging Supplies OPC as they are soliciting investments without the necessary license from SEC. In an advisory, the SEC said Reveal is engaged in an...
The Securities and Exchange Commission (SEC) has been accredited by the London-based standard-setting organization Investors in People (IiP) in recognition of its high-level practices in promoting the welfare of its employees. The accreditation makes the SEC the first in the government financial...
The Securities and Exchange Commission (SEC) is warning the investing public against dealing with America Mall-PH and Robinson Company due to their unauthorized solicitation of investments without the necessary license. The SEC issued advisories against the two firms that are enticing the public to...
Finance Secretary Ralph G. Recto has cited the Securities and Exchange Commission (SEC) for heeding the administration’s call for digitalization and urged public leaders to follow suit to improve the ease of doing business and ensure prompt delivery of services. In a speech delivered on his...
The Securities and Exchange Commission (SEC) announced the deadlines for the submission of the annual financial statements (AFS) and general information sheets (GIS) of corporations this year. The Commission recently issued SEC Memorandum Circular No. 2, Series of 2024, which provides the 2024...
The Philippine Stock Exchange (PSE) has approved the follow-on offering and listing of high-end real estate developer Century Properties Group Inc.’s (CPG) Series B Preferred Shares worth up to P4 billion, but it is lower than the initially planned P5 billion. PSE documents showed that the...
