The Securities and Exchange Commission (SEC) has given crowdfunding portals the authority to act as registrars of qualified institutional and individual buyers, as it ramps up efforts to boost the capital market. The Commission has issued SEC Memorandum Circular No. 12, Series of 2023, providing...
The Securities and Exchange Commission (SEC) has advised the public against dealing with Sprhy Gold Investment or Sprhy Cash Paluwagan and Secret for Elimination of Rampan Poverty Worldwide (SERP Worldwide) due to their unauthorized solicitation of investments without the necessary license from the...
The Securities and Exchange Commission (SEC) is set to raise basic penalties on the late and non-filing of reports by as high as 1,900 percent to compel corporations to comply with their reportorial requirements on time. The SEC will release a new scale of fines and penalties for the late and...
The Securities and Exchange Commission (SEC) has successfully pursued the conviction of six individuals involved in an investment scam operated by GDM Finance SARL, marking the 22nd conviction for violations of the country’s securities law. In a joint decision dated April 17 but transmitted...
The Securities and Exchange Commission (SEC) is drafting new guidelines to ensure consistency and uniformity in the reports by publicly listed companies (PLCs) on their sustainability measures. In a statement, the SEC said it will soon release a Memorandum Circular on the Revised Guidelines...
The Securities and Exchange Commission (SEC) is seeking to adopt regional best practices to improve the regulatory environment for short selling at the Philippine Stock Exchange (PSE) with the aim of boosting trading activity. Short selling is the practice of betting on the decline of a...
The Securities and Exchange Commission (SEC) has advised the public against dealing with a scheme using President Ferdinand "Bongbong" R. Marcos Jr.'s initials or "BBM" with his photo to solicit investments without the necessary license. In an advisory, the SEC warned the public against Bagong...
Corporations and associations whose registrations have been suspended or revoked are being given a new lease on corporate life by the Securities and Exchange Commission (SEC) which has offered an amnesty program until Sept. 30. While registration with the SEC marks the first step toward...
The Securities and Exchange Commission (SEC) has approved the direct public offering (DPO) of Pacerm-1 Energy Corporation which is selling a 15 percent stake to investors in compliance with the requirements of the Electric Power Industry Reform Act. Pacerm-1 Energy operates a diesel power plant in...
The Securities and Exchange Commission (SEC) reminded stock market investors of the shorter settlement cycle for securities trades starting today, Aug. 24, for more efficient transactions and spur activity in the Philippine capital market. Last Aug. 11, the Commission issued Memorandum Circular No....
*STORY UPDATE* The Securities and Exchange Commission (SEC) has since entered into a settlement agreement with Mr. Justin Arvin Atendido and his White Dragon Investment Group. The settlement, which included a payment of ₱50,000 from Atendido, was reached after the SEC issued an order in...
The Securities and Exchange Commission (SEC) is urging all delinquent corporations and associations that have been penalized for the late or non-filing of their annual reports to avail of the amnesty program before higher penalties kick in starting Oct. 1. The amnesty, which comes in the form of a...
