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.
Embattled online cryptocurrency exchange Binance has ceased its marketing efforts in the Philippines after the Securities and Exchange Commission (SEC) issued a public advisory against the company for operating without a license in the country.
The SEC recorded a total of 42,926 corporate registrations in 2022, 13% higher than the 38,052 seen in 2021 -- a record high for the agency’s 85- year history as the country’s company registrar.
Securities and Exchange Commission (SEC) commissioner Kelvin Lee said the explosion of fintech firms has brought financial inclusion to a greater number of Filipinos but has also produced hordes of scammers who have exploited the vulnerabilities inherent in the technology and its users.
