The Securities and Exchange Commission (SEC) has shut down Decentra, an investment scam involving cryptocurrencies, in an entrapment operation that resulted in the arrest of 19 individuals. In a joint operation last June 11, the combined forces of the SEC Enforcement and Investor Protection...
The Securities and Exchange Commission (SEC) announced that it has maintained the highest audit mark from the Commission on Audit (COA) for the fourth straight year. In a statement, the SEC said it has received an “unmodified opinion” from the COA, a testament to the Commission’s transparent...
The Department of Finance (DOF) said that Binance, the largest cryptocurrency exchange in the world, is not registered with the Philippines’ securities and banking regulators. Finance Secretary Carlos G. Dominguez III said on Thursday, June 9, said Binance is not registered with the Securities...
The Securities and Exchange Commission (SEC) has added new options for its online payment system, making payment for registration and transactions fees faster and more convenient for the public. In a statement, the SEC said clients can now use their GCash payment wallets to settle registration and...
SEC reaps awards as champion of good governance By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) continues to reap global recognition as an advocate of good governance and transparency in the Philippine corporate sector. Cambridge International Financial Advisory (Cambridge IFA)...
The Securities and Exchange Commission (SEC) is coming out with a list of equities, bonds, funds and other securities in which Personal Equity and Retirement Account (PERA) funds may be invested. The Commission on May 17 released for public comment the proposed Rules on Qualified and/or Eligible...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of VistaREIT, Inc. of up to P9.18 billion and of Raslag Corporation worth up to P700 million. The Commission En Banc has resolved to render effective the registration statements of VistaREIT and...
The Securities and Exchange Commission (SEC) now has the power to speed up the resolution of numerous pending cases pertaining to companies with foreign ownership after the amendment of three laws. These amended laws are the Foreign Investments Act (FIA), the Public Service Act (PSA), and the...
The Securities and Exchange Commission (SEC) has ordered three online firms to stop their unauthorized lending activities and their use of abusive collection practices. In an order issued April 26, the Commission En Banc directed Golden Cash, Help Cash, and Grace Cash to immediately cease and...
The Securities and Exchange Commission has convinced technology giant Google to adopt a more stringent approval process for online lending apps in the Philippines as part of the agency’s efforts to tackle illegal and abusive lending practices. In a statement, the SEC said that, effective May 11,...
The Securities and Exchange Commission (SEC) has revoked the corporate registrations of ScentkoWorld Corporation and Brendahl Cruz Holdings, Inc. for illegally soliciting investments from the public through a “buy and earn” program. The SEC Enforcement and Investor Protection Department (EIPD)...
Securities and Exchange Commission (SEC) Associate Commissioner Commissioner Javey Paul D. Francisco has been reappointed and is expected to continue to steer the agency’s initiatives toward improving the ease of doing business in the country. First appointed as SEC commissioner in 2018,...
