The Securities and Exchange Commission has advised the public against dealing with Fortune Wave Solution Hub OPC, Fortune Wave Trading, and Fortune Wave Trading PH, as these firms are not authorized or licensed to solicit investments. The group has been found by the SEC to be offering schemes...
The Securities and Exchange Commission (SEC) emphasized that credible data and transparency are critical in driving sustainable finance and advancing environmental, social, and governance (ESG) outcomes. During the CRIF Forum 2025, SEC Commissioner Javey Paul D. Francisco challenged businesses and...
The Securities and Exchange Commission (SEC) continues to crack down on erring lending firms and has recently fined LHL Online Lending Inc., doing business under the names and styles of Pautang Online and Pautang Peso, for providing misleading information in its loan agreements. In an order dated...
The Securities and Exchange Commission (SEC) has slapped a ₱1-million penalty on Link Credit Lending Investors Inc., doing business under the names and styles of iPeso and Pesoin, for engaging in unfair debt collection practices. In an order dated July 18, the SEC Financing and Lending Companies...
After issuing a cease-and-desist order last May, the Securities and Exchange Commission (SEC) has revoked the corporate registration and secondary license of Convenience Cash Lending Corp. (CCLC), doing business under the name and style of Zada Cash and Bloom Cash, for engaging in unfair debt...
The Securities and Exchange Commission (SEC) has slapped a 60-day suspension on Jia Financing Inc. for operating an illegal website and for failure to disclose new loan products and services. In a statement, the SEC said it has suspended the certificate of authority of Jia Financing operate as a...
The Securities and Exchange Commission (SEC) has filed criminal charges against the employees, officers, and owners of Creditable Lending Corp., the operator of online lending application Easypeso, for engaging in abusive collection practices. Through an inquest proceeding on July 17, the SEC,...
To encourage more corporations to offer stocks and bonds to the public, the Securities and Exchange Commission (SEC) is enforcing strict 45-day processing timelines and giving a 30-percent discount to companies that will conduct public offerings until the end of the year. The Commission on July 24...
The Philippine Stock Exchange (PSE) continues to do the groundwork with the Securities and Exchange Commission (SEC) for the launch of a new derivative product called Global Philippine Depository Receipts (GPDR), hopefully by next year. PSE President and CEO Ramon S. Monzon said their efforts to...
More Filipino workers are expected to build up their retirement funds under the Personal Equity and Retirement Account (PERA), following the enactment of the Capital Markets Efficiency Promotion Act (CMEPA). The Securities and Exchange Commission noted that, among the salient provisions of the...
The Securities and Exchange Commission (SEC) has issued a warning to the public, especially job hunters, to watch out against job offer scams that aim to defraud the public through the use of a “tasking and recharging scheme.” The warning was issued after the SEC 's Enforcement and...
The Securities and Exchange Commission (SEC) has approved the planned ₱13-billion initial public offering (IPO) of Hann Holdings Inc., the owner and developer of the integrated resort (IR) brand Hann Resort. In its meeting on July 17, the Commission En Banc resolved to render effective the...
