In separate advisories dated April 7, the SEC warned the public against investing in Cryptec, CryptoPeso, V2R Trades, Lao Razon Trading and/or Lao Razon Marketing, and Sakto Online Advertising.
In its most recent advisories, the SEC urged the public to stop investing in MAGINVESTKA.ONLINE (MIK.O), which purportedly trades Bitcoin against the US dollar, and Azenzo-Online, which supposedly operates as an independent crowdfunding platform.
The SEC Company Registration System (CRS) allows for the full automation and online pre-processing of the registration of corporations and partnerships, as well as the licensing of foreign corporations.
The SEC has ordered Singapore-headquartered Payasian Corporation to stop enticing the public to invest supposedly in a cryptocurrency called Paya without the necessary license.
The Securities and Exchange Commission (SEC) has issued guidelines allowing corporations to submit their reportorial requirements through email while Luzon and other parts of the country remain under enhanced community quarantine due to the new coronavirus pandemic.
The SEC has approved the guidelines allowing participation in corporate meetings through teleconferencing, video conferencing and other remote or electronic means of communications amid the Covid-19 lockdown.
The SEC said it will issue a memorandum circular to provide guidelines on the attendance and participation of directors, trustees, stockholders, members and other officers of corporations in regular and special meetings through remote communication.
The Securities and Exchange Commission (SEC) has ordered three firms -- Peso Tree, Pesoalo, and Pinoy Cash Loan -- to stop offering loans to the public through their online platforms because they lacked the necessary licenses.
The SEC found that the online lending operators were not issued the necessary certificates of authority to operate as lending companies nor had pending applications for such.
