The SEC found SunCash Lending to have threatened borrowers with shaming on social media by publishing their names as scammers and warning the people in their contact lists that they are scammers, among others.
The removal of the online lending apps is in line with the previous discussions of the Securities and Exchange Commission (SEC) with tech giant Google.
The Securities and Exchange Commission (SEC) has filed a criminal complaint against four Chinese-controlled firms for operating unregistered online lending platforms (OLPs).
In a notice, the SEC announced that by Feb. 1, 2023 all payments will be accepted only through the Electronic System for Payments to the SEC (eSPAYSEC) or at any branch of the Land Bank of the Philippines nationwide.
Being the regulator of the securities market, the SEC said it is concerned about the reported “budget overruns,” as well as the selloff in PLDT shares before the publicly listed company could make the official disclosure.
Astrazion Foundation and Astrazion Global operated an online multi-level marketing platform where it actively promoted the sale of its digital currency called AZNT Token for 10 cents per token.
The Securities and Exchange Commission (SEC) has advised the public against investing in Lodi Coins, a supposed virtual currency offered on social media without the necessary licenses from regulators.
In an order dated July 29, the SEC found that Katuwang Poultry has been publicly offering securities to the public through Facebook, without the necessary license from the commission.
