The Securities and Exchange Commission (SEC) is poised to roll out its own blockchain-based platform that allows for a more secure digital authentication of reports and other documents filed by corporations. The Commission said this is its part in ongoing efforts to harness blockchain technology to...
The Securities and Exchange Commission (SEC) has ordered Microdot Lending Corp. to stop operations due to its unfair debt collection practices and its failure to disclose the operations of some of its online lending platforms (OLPs). The SEC Financing and Lending Companies Department (FinLend)...
The Department of Justice (DOJ) has moved to file criminal complaints against three groups and their agents for illegally soliciting investments, escalating the Securities and Exchange Commission’s (SEC) ongoing campaign against fraudulent financial activities. According to the SEC, the DOJ found...
The Securities and Exchange Commission (SEC) is warning the public against engaging with individuals or groups who falsely represent themselves as part of COL Financial Group and use the name and logo of Alpha Securities Corp. without authority. In an advisory, the SEC flagged certain individuals...
The Securities and Exchange Commission (SEC) was awarded for well-being and diversity by Investors in People (IiP) Philippines, reflecting its commitment to investing in its workforce to achieve excellence in public service. The Commission said it was named the winner for the Award for Wellbeing...
The Securities and Exchange Commission (SEC) has approved the ₱3-billion follow-on offering of preferred shares by engineering and infrastructure firm Megawide Construction Corp. In its meeting on Oct. 9, the Commission En Banc resolved to render effective the registration statement of Megawide...
Playing its part in the government’s anti-corruption drive, the Securities and Exchange Commission (SEC) has drafted rules mandating the disclosure of persons who, directly or indirectly, own a substantial stake or exercise control of a registered corporation or partnership. The SEC is now...
The Securities and Exchange Commission (SEC) has approved the planned offering by real estate giant Ayala Land Inc. (ALI) of Association of Southeast Asian Nations (ASEAN) sustainability-linked bonds to raise up to ₱15 billion for the payment of debt and funding of capital expenditures (capex)....
Securities and Exchange Commission (SEC) Chairman Francis E. Lim expressed regret over his claim that the local stock market lost ₱1.7 trillion in market capitalization due to the corruption scandal, which turned out to be fictitious. “The information, which had been circulating within business...
Securities and Exchange Commission (SEC) Chairman Francis E. Lim pointed to corruption as “a weapon of mass wealth destruction” as investigations into anomalous flood control projects have eroded investors ' confidence to the extent ₱1.7 trillion in market capitalization has been wiped...
The Anti-Money Laundering Council (AMLC), in support of the Independent Commission Against Corruption (ICAC), has frozen more than ₱4 billion in assets linked to fraudulent flood control projects as the government intensifies its crackdown on corruption. The move follows the AMLC’s issuance of...
The Securities and Exchange Commission (SEC) is warning the public against dealing with persons or groups involved in schemes that supposedly offer assistance to help scam victims recover their lost funds, but are actually designed to defraud them a second time. In an advisory, the SEC stated that...
