The Securities and Exchange Commission (SEC) is going on a nationwide roadshow to highlight easy and accessible funding options for micro, small and medium enterprises (MSMEs) in the capital market this week. The Commission said it will kick off the SEC Roadshow on Capital Market Formation for...
The Securities and Exchange Commission has agreed to reduce the penalty it imposed against Bank of the Philippine Islands to P30 million from the original P134.62 million. In a disclosure to the Philippine Stock Exchange, BPI said it has received a letter from the SEC informing the bank that the...
Bank of the Philippine Islands said it will “abide by the final decision of the Securities and Exchange Commission” which imposed penalties amounting to P134.62 million in relation to the bank’s executive stock option plan. In a disclosure to the Philippine Stock Exchange, BPI said the SEC...
The Securities and Exchange Commission (SEC) continues its campaign against illegal lending by making sure that unregistered lending platforms are no longer available for download online. The SEC said in a statement that, as of Jan. 30, 2023, it has caused the removal of 33 online lending platforms...
The Securities and Exchange Commission has advised the public against dealing with six more entities due to their unauthorized solicitation of investments without the necessary license from the Commission. In separate advisories, the SEC discouraged the public from investing with WebMining, Oyala,...
SEC taps UP Law Center for fintech regulations By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) has teamed up with the University of the Philippines Law Center (UPLC) to improve the formulation of policies that could better address the regulation of financial technology (fintech) in...
The Securities and Exchange Commission is warning the public against three more firms soliciting investments that appear to be pyramiding or Ponzi schemes with the promise of unsustainable high returns. In a statement, the SEC advised the public against dealing with the three entities due to their...
The Securities and Exchange Commission (SEC) is calling on the public to be more vigilant as there has been a rise in reports regarding entities that pose as legitimate and reputable financial institutions scamming people of their hard-earned money. “The public is advised to protect themselves...
The Securities and Exchange Commission has issued an advisory to warn the public against dealing with five firms who are engaged in unauthorized solicitation of investments without the necessary license from the Commission. These firms are PPG Investment Group/Conamor Shop, LiveWell Multi-Ventures,...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Fast Coin Lending Corp. to operate as a lending company for inactivity and its continuous non-compliance with disclosure requirements. In a statement, the SEC said Fast Coin has committed several...
The Securities and Exchange Commission (SEC) has drafted, for public comment, the Implementing Rules and Regulations (IRR) of Republic Act No. 11765, or the Financial Products and Services Consumer Protection Act (FCPA) which also covers digital products and cryptocurrencies. In a statement, the...
The Securities and Exchange Commission (SEC) is now accepting undergraduate and law students looking to gain professional experience through its internship program. In a statement, the SEC this is an opportunity for students to get first hand knowledge on company registration and regulation, the...
