The Securities and Exchange Commission (SEC) has won another legal battle against on illegal lending with a regional trial court having convicted the incorporators and directors of X-CEE789 Lending and Trading, Inc. for submitting falsified documents for its registration. In a decision dated June...
The Securities and Exchange Commission (SEC) has issued the draft guidelines for the registration and operation of online lending platforms (OLPs) as part of its efforts to stop abusive and predatory practices. The Commission released for public comment the draft guidelines on November 19,...
The Securities and Exchange Commission (SEC) has approved three public share offerings -- Figaro Coffee Group, Inc., Citicore Energy REIT Corp. (CREIT) and, Arthaland Corporation -- worth almost P15 billion. Figaro initial public offering will consist of up to 1.26 billion common shares priced at...
The Securities and Exchange Commission (SEC) is calling on Filipinos to secure their future through smart and sustainable investments, as it leads the celebration of the 2021 Investor Protection Week. From Nov. 8 to 12, the SEC will celebrate the Investor Protection Week with webinars and other...
The Department of Justice (DOJ) has affirmed the findings of the Securities and Exchange Commission (SEC) by recommending the filing of criminal charges against Organico Agribusiness Ventures Corporation and its officers for unauthorized solicitation of investments. In a resolution on September 3,...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion preferred shares offering by Cirtek Holdings Philippines Corporation. In its meeting on October 26, the Commission En Banc resolved to render effective the registration statement of Cirtek covering 50 million...
The Securities and Exchange Commission (SEC) has approved the P2-billion maiden share offering by Medilines Distributors Incorporated and the P9.55 billion follow-on offering by Sta. Lucia Land, Inc. In its meeting on October 12, the Commission En Banc resolved to render effective the registration...
The Securities and Exchange Commission has approved the P15.46 billion shares-for-asset swap between AREIT Inc. (AREIT), the pioneer real estate investment trust (REIT) in the Philippines, and its sponsor company Ayala Land Inc. In a disclosure to the Philippine Stock Exchange, AREIT said the SEC...
The Securities and Exchange Commission (SEC) is calling on the public to secure their financial future by becoming smart investors and not become victims of scams. The commission issued this call as it joins the celebration of World Investor Week, a global campaign by the International Organization...
The Securities and Exchange Commission (SEC) has joined forces with the cybersecurity arm of the Department of Information and Communications Technology (DICT) to intensify efforts in preventing and suppressing cybercrime in the country. The SEC said it has entered into a Memorandum of Agreement...
The Securities and Exchange Commission (SEC) is warning the public to be careful when dealing or transacting with corporations or entities that are not licensed or registered in the Philippines. The SEC said it has received numerous inquiries regarding the implications of transacting with...
The Securities and Exchange Commission (SEC) has ordered R.L. Aggregates and Diversified Lending Group, Inc. to stop soliciting investments from the public through a fraudulent scheme. In an order issued July 26, the SEC ordered R.L. Aggregates to immediately cease and desist from engaging in the...
