The Securities and Exchange Commission (SEC) has filed its second money laundering case against Silverlion Livestock Trading Corp. for its allegedly illegal solicitation of investments from the public. A joint complaint was filed last June 4 by the SEC and the Anti-Money Laundering Council (AMLC)...
The Securities and Exchange Commission (SEC) reported that it has filed a criminal complaint against the group of a casino junket operator and some individuals for engaging in unlawful activities linked to money laundering. In a complaint filed before the Department of Justice on May 31, 2024, the...
The Securities and Exchange Commission (SEC) has approved the P1-billion direct public offering (DPO) of Allied Care Experts Medical Center-Zamboanga, Inc. (ACE-MCZ). In its meeting on June 6, the Commission En Banc resolved to render effective the registration statement of the company covering...
The Securities and Exchange Commission reported that the officers of delisted company Calata Corporation have been sentenced to pay fines totaling P8 million for making misleading and exaggerated statements. The commission said these statements were about the firm’s supposed Mactan Leisure City...
The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, for up to P100 billion of fixed-rate bonds and an initial offering worth up to P25 billion. In its meeting on May 23, the...
The Securities and Exchange Commission (SEC) has lodged criminal complaints against four groups soliciting investments from the public without the necessary registration and licenses. In a statement, the SEC said has lodged separate complaints before the Department of Justice against Bear Mountain...
The Securities and Exchange Commission (SEC) has approved the planned P15 billion offering of blue bonds by Maynilad Water Services, Inc. In its meeting on May 16, the Commission En Banc resolved to render effective the registration statement of Maynilad covering up to P12 billion of fixed-rate,...
The Securities and Exchange Commission (SEC) has approved the second tranche of the ASEAN fixed rate green bonds issuance of Lopez-led Energy Development Corporation (EDC) which is targeting to raise P6.0 billion with an oversubscription allotment of P4.0 billion. EDC President and COO Jerome H....
The Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of shares. In a complaint-affidavit filed...
NEW YORK — U.S. stocks climbed Thursday to trim the majority of their losses for the week. The S&P 500 rose 45.81 points, or 0.9%, to 5,064.20 a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them. It more...
The Securities and Exchange Commission (SEC) has received its sixth and seventh Global Good Governance (3G) Awards from Cambridge International Finance Advisory. The Commission received the 3G Best Corporate Governance Policy & Disclosure Award and the 3G Transparency Award 2024 during the 9th...
The Securities and Exchange Commission (SEC) is urging companies to be more diligent in complying with their reportorial requirements instead of complaining about the huge increase in fines and penalties recently imposed by the commission after a lengthy amnesty period. SEC Chairperson Emilio B....
