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”.
To support the expansion of its six new digital tools, the agency officially inaugurated the SEC Data Center, an in-house facility that hosts its records, applications, and servers.
The number of new companies registered with the Securities and Exchange Commission (SEC) hit an all-time high in 2024, on the back of advanced digital platforms that continue to make doing business easier in the Philippines.
The Securities and Exchange Commission (SEC) has cancelled the lending license of Copperstone Lending, which operates online lending platforms (OLPs) Quickla, Pococash, Blue Peso, Peso Forrest, Moca Moca, Pesobuffet, and Load Cash, for its unfair debt collection practices and its failure to disclose the true and correct terms of loan contracts with borrowers.
The Securities and Exchange Commission (SEC) said it is working with tech giants Google and Apple for the removal of applications operated by cryptocurrency giant Binance in app marketplaces accessible in the Philippines.
The Bangko Sentral ng Pilipinas (BSP) asked the public to be discerning of the claim of a company called SK Pools Mining Corporation that its “products, services, and assets are licensed, authorized, guaranteed, verified, certified, or confirmed by the BSP.”
The National Telecommunications Commission (NTC) has ordered all Internet service providers to immediately block the website of OctaFXfor the protection of the investing public, as requested by the Securities and Exchange Commission (SEC).
The National Telecommunications Commission (NTC) has initiated the blocking of websites and apps offering investment opportunities without the necessary license, upon the request of the Securities and Exchange Commission (SEC).
