Recto supports market reforms pushed by SEC By James A. Loyola Finance Secretary Ralph G. Recto has assured the Securities and Exchange Commission (SEC) of his support in pushing for business and capital market reforms with the aim of bolstering national efforts to promote inclusive and...
The Securities and Exchange Commission (SEC) and the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA)) are working closely together to advance various reforms to encourage capital raising and investing in the capital markets, and improvements on ease of...
The Securities and Exchange Commission (SEC) has ordered Infinity8Networks Digital Services OPC and related entities to stop illegally soliciting investments from the public. In an order dated Jan. 16, the Commission En Banc directed Infinity8Netoworks to immediately cease and desist from further...
The Securities and Exchange Commission (SEC) has issued a cease and desist order against MFT Group of Companies Inc. and Foundry Ventures I Inc. for alleged illegal solicitation of investments from the public. In an order dated Jan. 16, the Commission En Banc directed the MFT Group and Foundry...
The Securities and Exchange Commission (SEC) has approved the planned initial public offering (IPO) of Citicore Renewable Energy Corporation's (CREC) primary and secondary shares for as much as P12.94 billion. In its Jan. 16 meeting, the Commission En Banc resolved to render effective the...
The Securities and Exchange Commission (SEC) has revoked the certificate of authority (CA) of Wealth and Personal Development Lending Inc. to operate as a lending company for its repeated failure to comply with reportorial requirements and alleged involvement in illegal activities. In a statement,...
The Securities and Exchange Commission (SEC) announced its revocation of the corporate registration of Infinity8Networks Digital Services OPC and the slapping of an administrative fine of P1 million against the firm for illegally soliciting investments from the public. In an order, the SEC...
The Securities and Exchange Commission (SEC) has approved the planned issuance by Century Properties Group Inc. (CPGI) of up to P5 billion worth of preferred shares subject to some conditions. In a disclosure to the Philippine Stock Exchange (PSE), CPGI said it has received the Pre-Effective Letter...
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Eton Phil Non-Specialized Wholesale Trading for its alleged unauthorized investment solicitation activities. The SEC identified the top company officials and agents of Eton Trading as respondents in the criminal...
The Securities and Exchange Commission (SEC) has issued advisories to the public against dealing with BNY PAL (Benta Paluwagan) and One 1Key Progress Booster (OKPB) Inc. due to their unauthorized solicitation of investments without the necessary license from the Commission. The SEC said BNY PAL...
The Securities and Exchange Commission (SEC) reported that it has registered a new record in terms of company registrations in 2023, a testament to the ease with which new businesses can be established in the Philippines. In a statement, the SEC said a record high of 46,445 firms successfully...
On the back of its record performance in 2023, the Securities and Exchange Commission (SEC) is heading towards 2024 with “optimism and vigor” to help advance the national government’s vision of robust economic growth. SEC Chairperson Emilio B. Aquino said that “2023 was a record year for...
