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...
After repeated warnings of drastically increasing penalties by October, the Securities and Exchange Commission (SEC) has granted a final one-month extension for amnesty applications of non-compliant and suspended or revoked corporations. Corporations, which have incurred penalties for the...
The Securities and Exchange Commission (SEC) and the Philippines’ leading finance super app GCash have signed a memorandum of agreement (MOA) to go after perpetrators of online fraud, e-scams, and other cybercrimes. Under the agreement, GCash will assist and cooperate with the SEC in...
The Securities and Exchange Commission (SEC) has relaxed the disclosure requirements for public offerings as part of guidelines issued to streamline the process for companies seeking to raise funds from the capital market. SEC Chairperson Emilio B. Aquino “The streamlined procedures are part of...
The Securities and Exchange Commission (SEC) has teamed up with the United Nations Office on Drugs and Crime (UNODC) and Open Ownership (OO) for the potential use of beneficial ownership data in curbing corruption in the government procurement process. The SEC and UNODC recently organized a focus...
The Securities and Exchange Commission (SEC) is supportive of a move in Congress to lower taxes on stock transactions to boost and improve the competitiveness of the Philippine capital market. Albay 2nd District Representative Jose Ma. Clemente Salceda has filed House Bill No. 8958, or the...
The Securities and Exchange Commission (SEC) has released new guidelines on the issuance of blue bonds, which will allow the use of the capital markets as one of the avenues for promoting sustainability in the corporate sector. The SEC on Sept. 21 issued Memorandum Circular No. 15, Series of...
The Securities and Exchange Commission (SEC) is warning the public against six more entities due to their unauthorized solicitation of investments without the necessary license from the SEC. In several advisories, the SEC identified these investment schemes as those of Wealth Wise International,...
The Securities and Exchange Commission (SEC) is collaborating with international organizations to beef up its enforcement capabilities in pursuit of its mandate to protect the public from securities fraud and other forms of investment scams. SEC Philippines, in partnership with the US SEC and...
The Securities and Exchange Commission (SEC) is warning the public against two more firms that are not authorized to solicit investments as they do not have the necessary license. In separate advisories, the SEC named that two firms as Dermacare-Beyond Skin Care Solutions, Beyond Skincare...
