The Securities and Exchange Commission (SEC) has slapped a 60-day suspension on Jia Financing Inc. for operating an illegal website and for failure to disclose new loan products and services. In a statement, the SEC said it has suspended the certificate of authority of Jia Financing operate as a...
The Securities and Exchange Commission (SEC) has filed criminal charges against the employees, officers, and owners of Creditable Lending Corp., the operator of online lending application Easypeso, for engaging in abusive collection practices. Through an inquest proceeding on July 17, the SEC,...
To encourage more corporations to offer stocks and bonds to the public, the Securities and Exchange Commission (SEC) is enforcing strict 45-day processing timelines and giving a 30-percent discount to companies that will conduct public offerings until the end of the year. The Commission on July 24...
The Philippine Stock Exchange (PSE) continues to do the groundwork with the Securities and Exchange Commission (SEC) for the launch of a new derivative product called Global Philippine Depository Receipts (GPDR), hopefully by next year. PSE President and CEO Ramon S. Monzon said their efforts to...
More Filipino workers are expected to build up their retirement funds under the Personal Equity and Retirement Account (PERA), following the enactment of the Capital Markets Efficiency Promotion Act (CMEPA). The Securities and Exchange Commission noted that, among the salient provisions of the...
The Securities and Exchange Commission (SEC) has issued a warning to the public, especially job hunters, to watch out against job offer scams that aim to defraud the public through the use of a “tasking and recharging scheme.” The warning was issued after the SEC 's Enforcement and...
The Securities and Exchange Commission (SEC) has approved the planned ₱13-billion initial public offering (IPO) of Hann Holdings Inc., the owner and developer of the integrated resort (IR) brand Hann Resort. In its meeting on July 17, the Commission En Banc resolved to render effective the...
To fulfill its commitment to supporting local small businesses, the Securities and Exchange Commission (SEC) is offering micro, small, and medium enterprises (MSMEs) discounts of 20 percent to 50 percent on certain transaction fees. The Commission, on July 16, issued Memorandum Circular No. 8,...
The Securities and Exchange Commission (SEC) is enforcing strict timelines for its processing of substantially all types of applications, with a “deemed approved” policy for requests left unattended beyond the prescribed period. The landmark move to improve service delivery and reinforce its...
The Securities and Exchange Commission is warning the public that scammers have been using deep fake technology to create manipulated videos and audio recordings that falsely depict JG Summit Holdings Inc. President and CEO Lance Gokongwei and other known personalities endorsing investment schemes...
The Securities and Exchange Commission (SEC) has bolstered support for micro, small, and medium enterprises (MSMEs) with fresh initiatives to bring its services closer to businesses, including tips on how to raise funds from the capital market and crowdfunding. During the celebration of the MSME...
The Securities and Exchange Commission (SEC) has approved the planned preferred share offering of the Gotianun Group’s investment arm Filinvest Development Corp. (FDC) of up to ₱8 billion. In its meeting on July 8, the Commission En Banc resolved to render effective the registration statement...
