The Securities and Exchange Commission has approved the applications of SeedIn Technology and Eastern Securities for registration as crowdfunding intermediaries. The Commission granted both firms a permanent license each in lieu of a one-year provisional license, although their operations will be...
AlphanetWorld Corporation, which has been doing business under the name NWorld, has been ordered by the Securities and Exchange Commission (SEC) to stop soliciting investments from the public without the necessary license. In its order, the Commission En Banc directed AlphanetWorld to immediately...
The Securities and Exchange Commission (SEC) is planning to allow investment companies to operate as umbrella funds that can create sub-funds with segregated assets and liabilities. The Commission has released for public comment the proposed rules on the creation and operation of umbrella funds,...
The Department of Finance (DOF) lauded the Securities and Exchange Commission (SEC) for making significant strides in improving the ease of doing business in the Philippines through its digital transformation. In his report to DOF Secretary Carlos G. Dominguez III, SEC Chairperson Emilio B. Aquino...
The Securities and Exchange Commission (SEC) and the Philippine National Police Anti-Cybercrime Group (PNP-ACG) has arrested employees of CashTrees Lending and seized misused devices used for unregistered online ending applications. In a statement, the SEC said the operation is part of its ongoing...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion initial public offering (IPO) of Bank of Commerce and the P60-billion fixed-rate bonds of its parent company San Miguel Corporation (SMC). The Commission En Banc resolved to render effective the registration...
The Securities and Exchange Commission (SEC) has set the deadlines for the online submission of the audited financial statements (AFS) and general information sheet (GIS) of corporations. Starting this year, all stock and nonstock corporations are required to submit their annual reports online...
The Securities and Exchange Commission (SEC) has issued cease and desist orders against five illegal online lending operators for conducting lending activities without prior authorization from the Commission. In an order issued February 3, the Commission En Banc directed Tacoloan, VCash, 365 Cash,...
The Securities and Exchange Commission (SEC) is drafting rules that will limit interest rates and other fees imposed by lending and financing companies, and their online lending platforms (OLPs). The draft memorandum circular released for public comment will operationalize Bangko Sentral ng...
The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock...
The Securities and Exchange Commission (SEC) has ordered Goodpocket and Easymoney Lending Corporation to stop operating as lending firms because they do not have the necessary licenses from the Commission. In an order issued January 18, the Commission En Banc directed Goodpocket and Easymoney to...
The Securities and Exchange Commission (SEC) has granted the country’s first permanent license to operate as a crowdfunding platform to Investree Philippines Inc. 57909 The Commission En Banc approved Investree Philippines’ application for a permanent license to operate as a funding portal and...
