The Securities and Exchange Commission (SEC) reminded companies that it will strictly enforce the Revised Corporation Code of the Philippines (RCC) and will duly penalize non-compliant companies. On Oct. 18, the SEC released a list of 22,403 corporations that have failed to submit their...
The Securities and Exchange Commission (SEC) has approved the shelf registration of bonds and preferred shares by Vista Land & Lifescapes Inc. and San Miguel Corporation (SMC), respectively, with a total value of P100 billion. In its Oct. 17 meeting, the Commission En Banc resolved to render...
The Securities and Exchange Commission (SEC) is warning the public against dealing with a firm posing as the country’s oldest conglomerate Ayala Corporation and two other firms due to their unauthorized solicitation of investments without the necessary license from the SEC. In an advisory, the...
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 local stock market is seen to remain cheap and this may continue to spur investors to bargain-hunt although the recent rise in the inflation rate and worries over the country’s economic growth are seen to limit any rallies. “The local market remains at bargain levels with a price to...
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...
