The initiative, called the Verification of Electronic Records and Information Trust and Authentication System (Veritas), will enable users to digitally sign and verify SEC-related documents through public-key cryptography, with all transactions recorded on a decentralized ledger to ensure immutability and traceability.
The Securities and Exchange Commission (SEC) has halted the operations of Microdot Lending Corp. for running several unreported online lending platforms (OLPs) and engaging in unfair online debt collection practices.
In a resolution dated Sept. 9, 2025, the SEC granted Jia’s Motion for Partial Reconsideration and confirmed that the earlier suspension of its Certificate of Authority was administrative in nature and not related to the company’s lending practices or business model.
The Securities and Exchange Commission (SEC) has ordered seven online lending operators to cease operations after they were found to be operating without proper registration.
The Securities and Exchange Commission (SEC) has intensified its campaign against erring online lending companies, filing criminal charges, issuing cease and desist orders, imposing hefty penalties, and revoking licenses in a string of enforcement actions throughout July.
The SEC said the public is being deceived by the manipulated videos and audio recordings of Gokongwei into investing in an electronic platform registered in Nicosia, Cyprus.
The regulations aim to oversee the marketing, issuance, and trading of crypto-assets, and the registration and operation of entities offering crypto-related services.
After revoking the registration and license of online lending operator Digido, the Securities and Exchange Commission (SEC) has ordered Hupan Lending Technology and Hi-Fin Lending to stop their operations.
In a statement, Digido said these unauthorized branches were merely “exhibit booths” that were not permanent and therefore “cannot be treated as branches under existing laws and regulations”.
