The Securities and Exchange Commission (SEC) has launched a host of new digital services for the registration and monitoring of corporations in the country as it opened its new office at Makati Avenue in Makati City to mark its 85th anniversary last June 22.
The Anti-Red Tape Authority (ARTA) said the automatic approval mandated by the Ease of Doing Business Act did not apply to Lyka, given that entities under investigation are not covered by the reglementary period under the law.
The SEC found SunCash Lending to have threatened borrowers with shaming on social media by publishing their names as scammers and warning the people in their contact lists that they are scammers, among others.
The removal of the online lending apps is in line with the previous discussions of the Securities and Exchange Commission (SEC) with tech giant Google.
The Securities and Exchange Commission (SEC) has filed a criminal complaint against four Chinese-controlled firms for operating unregistered online lending platforms (OLPs).
In a notice, the SEC announced that by Feb. 1, 2023 all payments will be accepted only through the Electronic System for Payments to the SEC (eSPAYSEC) or at any branch of the Land Bank of the Philippines nationwide.
Being the regulator of the securities market, the SEC said it is concerned about the reported “budget overruns,” as well as the selloff in PLDT shares before the publicly listed company could make the official disclosure.
Astrazion Foundation and Astrazion Global operated an online multi-level marketing platform where it actively promoted the sale of its digital currency called AZNT Token for 10 cents per token.
