The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Fast Coin Lending Corp. to operate as a lending company for inactivity and its continuous non-compliance with disclosure requirements. In a statement, the SEC said Fast Coin has committed several...
The Securities and Exchange Commission (SEC) has drafted, for public comment, the Implementing Rules and Regulations (IRR) of Republic Act No. 11765, or the Financial Products and Services Consumer Protection Act (FCPA) which also covers digital products and cryptocurrencies. In a statement, the...
The Securities and Exchange Commission (SEC) is now accepting undergraduate and law students looking to gain professional experience through its internship program. In a statement, the SEC this is an opportunity for students to get first hand knowledge on company registration and regulation, the...
The Securities and Exchange Commission is warning the public against investing in Oriental Peak Mining or with its president Ranillo Paz since both the company and Paz are not authorized to solicit investments. The corporate watchdog said it has noticed that individuals or group of persons,...
Minority shareholders of Alliance Select Foods International, Inc. have asked a local court to prevent the firm from undertaking a P1 billion stock rights offering before holding an annual general meeting (AGM). In a statement, minority shareholder Albert Hong Hin Kay and lone minority director Hedy...
The Securities and Exchange Commission (SEC) has approved the P11.26 billion assets-for-equity swap between AREIT Inc. (AREIT), the Philippines’ pioneer real estate investment trust, and its sponsor Ayala Land, Inc. (ALI). In a disclosure to the Philippine Stock Exchange, AREIT said ALI will...
The Securities and Exchange Commission has issued advisories to warn the public not to invest their hard-earned money in three firms that are soliciting investments without the necessary permits from the regulator. Based on reports and information it gathered, the corporate watchdog issued warnings...
The Securities and Exchange Commission has approved the planned P5.43 billion initial public offering of Upson International Corporation (Upson), the country’s leading retailer of personal computers (PCs) and information technology (IT) products. In a statement, the firm said the SEC approved...
The Securities and Exchange Commission (SEC) has canceled the corporate registration of Silverlion Livestock Trading Corp. for unauthorized solicitation of investments from the public. In an order, the SEC Enforcement and Investor Protection Department (EIPD) revoked the certificate of...
The Securities and Exchange Commission has approved the merger between AXA Philippines and its former general insurance subsidiary Charter Ping An Insurance Corporation. AXA Philippines is a joint venture between the Metrobank Group, GT Capital, and the Paris-based AXA Group. With the merger, AXA...
The Securities and Exchange Commission is asking the public to stop investing in the scheme being offered by Ground Zero Poultry Agricultural Corporation and its representatives as this has the characteristics of a Ponzi scam. Based on reports and information gathered by the Commission, individuals...
The Securities and Exchange Commission is warning the public against investing with Tether-Pay, Tether.Pay.com, and Tether Pay Ltd. which seem to be operating a fraudulent scheme. “This Advisory is prompted by the information received and gathered by the Securities and Exchange Commission that...
