The SEC said the act of Crowd1 of publishing and making presentations on its investment/business scheme through its website, Facebook, YouTube and on-ground events, and inviting investors constituted a public offering not allowed under its license.
The Securities and Exchange Commission has warned the public against individuals and groups engaged in unauthorized activities such as investment-taking in the guise of cryptocurrency trading and online selling.
The Securities and Exchange Commission (SEC) has issued another warning against Bitcoin Revolution, which presents itself as a cryptocurrency trading program purportedly endorsed by government officials, businessmen, and celebrities.
The Securities and Exchange Commission (SEC) has advised corporations to strengthen their cybersecurity as more Filipinos turn to digital transactions amid the Covid-19 pandemic.
Aside from applications for company registration, the agency now accepts requests for monitoring of corporations, status of corporations, certificates of no
derogatory information through e-mail.
The Securities and Exchange Commission (SEC) has ordered CROWD1 Asia Pacific to immediately stop soliciting and accepting investments from the public under a scheme disguised as a digital marketing business.
Crypro-currency firm Won Project made the decision to shut down after the SEC advised the public to stop purchasing the company’s Woncoin or investing on any of its schemes, effectively tagging its operations as unauthorized.
The SEC named the firms as CryptoInvestWith.Us (CIW.U), Won Project/ Won Network/ Won Foundation, and Captcha Philippines, which have neither registered securities such as investment contracts nor secured secondary licenses to solicit and take investments from the public.
The operators of the lending apps employed abusive collection practices, which constituted unfair debt collection practices expressly prohibited under an SEC Memorandum Circular.
The Securities and Exchange Commission (SEC) has identified four more unauthorized online investment schemes, including rackets possibly operated by previously flagged groups under new names.
