To fulfill its commitment to supporting local small businesses, the Securities and Exchange Commission (SEC) is offering micro, small, and medium enterprises (MSMEs) discounts of 20 percent to 50 percent on certain transaction fees. The Commission, on July 16, issued Memorandum Circular No. 8,...
The Securities and Exchange Commission (SEC) is enforcing strict timelines for its processing of substantially all types of applications, with a “deemed approved” policy for requests left unattended beyond the prescribed period. The landmark move to improve service delivery and reinforce its...
The Securities and Exchange Commission is warning the public that scammers have been using deep fake technology to create manipulated videos and audio recordings that falsely depict JG Summit Holdings Inc. President and CEO Lance Gokongwei and other known personalities endorsing investment schemes...
The Securities and Exchange Commission (SEC) has bolstered support for micro, small, and medium enterprises (MSMEs) with fresh initiatives to bring its services closer to businesses, including tips on how to raise funds from the capital market and crowdfunding. During the celebration of the MSME...
The Securities and Exchange Commission (SEC) has approved the planned preferred share offering of the Gotianun Group’s investment arm Filinvest Development Corp. (FDC) of up to ₱8 billion. In its meeting on July 8, the Commission En Banc resolved to render effective the registration statement...
The Department of Justice (DOJ) has indicted MFT Group and Foundry Ventures, along with their officers, for the unauthorized solicitation of investments from the public following the case buildup by the Securities and Exchange Commission (SEC). In a resolution dated May 26, state prosecutors found...
The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against the Fortune Wave Group and the PU Prime Group (Pacific Union LLC, PU Prime Philippines, and PU Prime Support PH) for soliciting investments from the public without the necessary approvals from the SEC. In...
The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
The Securities and Exchange Commission (SEC) vows to comply with President Ferdinand Marcos Jr. 's directive to streamline its processes, aligning with the Marcos administration’s vision of an inclusive and efficient capital market that can help pave the way for a financially secure future...
Under its new leadership, the Securities and Exchange Commission (SEC) remains committed to implementing reforms that will further enhance the ease of doing business in the Philippines and deepen the capital market. In a courtesy visit to Finance Secretary Ralph G. Recto, new SEC Chairperson...
The Securities and Exchange Commission (SEC) has established a physical helpdesk in its Makati headquarters that caters to public inquiries and concerns in a bid to streamline processes and improve the efficiency of its services. The Commission said it officially opened the Public Assistance and...
The Securities and Exchange Commission (SEC) has issued cease-and-desist orders (CDO) against Bravo Zulo Romeo Lending Corp. (BZR Lending) for unauthorized lending operations and Magic Peso for illegally operating an online lending platform and for unfair debt collection practices. In a June 24,...
