The SEC issued the order after it found that the bogus Ayala Group has been conducting an unregistered investment scheme called Tasking and Recharging, which offers online jobs to prospective investors who are tasked to perform certain tasks in exchange for commissions.
Corporations may now file amendments to their articles of incorporation (AoI) or by-laws online, as the Securities and Exchange Commission (SEC) continues to launch new digital systems that will streamline and automate its processes.
The Securities and Exchange Commission (SEC) has released a public advisory against online entity Tonik-Shop for enticing the public to invest their money with a promise of high monetary rewards or profits.
Based on the reports from the public, Meta Advertising Company, through WhatsApp and Telegram, is inviting the public to invest in the said platform in a scheme known as “Tasking and Recharging.”
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Infinity8Networks Digital Services OPC and imposed an administrative fine of P1 million against the entity for illegally soliciting investments from the public.
BNY PAL, whose officials are now at large and can no longer be located, has victimized a number of residents in Pasig City who invested as much as P1.5 million each.
A record high of 46,445 firms registered using the SEC Electronic Simplified Processing of Application for Registration of Corporation (eSPARC) from January to November 2023, surpassing the previous record of 42,936 for the entire 2022.
In its advisory, the SEC said Pecado, headed by its president named Eliseo Jojo Prisno, is enticing the public to invest in Pecado’s registered digital assets.
In line with the issuance of its advisory, the Securities and Exchange Commission (SEC) said it will request assistance from the National Telecommunication Commission (NTC) and the Department of Information and Communications Technology (DICT) to block access to Binance in the Philippines.
