The Securities and Exchange Commission (SEC) has authorized La Union Electric Co. Inc. to proceed with a ₱251 million direct public offering, the second utility to utilize the regulator’s expedited registration process to fund infrastructure upgrades. The San Fernando-based power distributor...
The Securities and Exchange Commission (SEC) has cautioned the public against using online trading platforms Exness Global Ltd. and HF Markets (HFM), alleging that the firms are illegally soliciting investments from local investors. In separate advisories, the regulator said both Exness Global and...
Investment & Capital Corporation of the Philippines (ICCP) expects a new wave of real estate investment trust listings to reach the local market, driven by proposed regulatory changes and the shifting interest-rate environment. The Securities and Exchange Commission (SEC) is moving to amend rules...
The Bangko Sentral ng Pilipinas (BSP) has recognized the Securities and Exchange Commission (SEC) for implementing innovative programs that promote financial education among Filipinos. The Commission received the recognition as one of the BSP’s innovative financial education partners, an award...
The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Seek Explore Sports Association Inc., on top of imposing a fine for offering securities to the public without the necessary approvals from the Commission. The SEC’s Enforcement and Investor Protection...
The Securities and Exchange Commission (SEC) is urging private hospital entrepreneurs and administrators to raise fresh funds for expansion from the capital market as a way to support the government’s push to provide more quality and accessible healthcare to Filipinos. The Commission recently...
The Securities and Exchange Commission (SEC) is now requiring large non-listed entities (LNLs) to submit sustainability reports after issuing new rules that replaced a memorandum circular (MC) that previously covered only publicly listed companies (PLCs). The SEC said it has adopted Philippine...
State prosecutors will file criminal charges against Align Assets and its executives for allegedly orchestrating an unlicensed investment scheme that promised outsized returns through cryptocurrency trading, the Securities and Exchange Commission (SEC) said. The Department of Justice (DOJ) issued a...
The Securities and Exchange Commission (SEC) is tightening its oversight of corporate transparency with new disclosure mandates designed to strip away the anonymity of company owners and curb financial crimes. The regulator issued Memorandum Circular No. 15 on Dec. 22, establishing the Beneficial...
The Securities and Exchange Commission (SEC) is proposing new rules that would force capital market participants to establish individual cyber resilience frameworks, part of a broader push to protect investors and ensure market stability. The SEC on Dec. 17 released a draft memorandum circular...
The Securities and Exchange Commission (SEC) approved the registration of rental pool agreements for two units of Cebu Landmasters Inc., allowing the Visayas-Mindanao property developer to offer investment contracts for its serviced residence projects. The commission en banc on Dec. 16 rendered...
The Supreme Court has affirmed with finality the Securities and Exchange Commission’s (SEC) authority to accredit external auditors, ending a long-standing legal challenge that threatened the regulator’s oversight of the capital markets. In a resolution dated Oct. 14, the court denied a motion...
