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SEC

SEC probing PLDT’s P48-billion ‘budget overruns’, shares selloff

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.

SEC revokes license of firm for soliciting investments for app with ‘robot traders’

The robots supposedly search for and trade cryptocurrencies that could bring stable profits to investors.

SEC revokes registration of online firm selling digital currency

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.

IDC Philippines bares ‘Future Enterprise Awards’ 2022 winners

The winners were selected from over 1,000 entries submitted by over700 end-user organizations in the Asia-Pacific region.

SEC warns public against investing in cryptocurrency ‘Lodi Coins’

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.

SEC cancels poultry firm’s registration over illegal online solicitation

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.

SEC cancels license of lending firm for not disclosing online platforms

The Securities and Exchange Commission (SEC) said it has cancelled the lending license and corporate registration of Flying Bear Lending Corp., operating as Yopeso, Morepeso and Rapidpeso, over its failure to disclose its online lending platforms (OLPs) to the agency.

Diokno tells SEC: Expand PH capital market through digitalization

Department of Finance (DOF) secretary Benjamin Diokno has urged the Securities and Exchange Commission (SEC) to continue expanding the country’s capital market through digitalization to support economic growth.

Rappler refutes SEC assertion that registration revocation is final  

Online news website Rappler said it will appeal the order of the Securities and Exchange Commission (SEC) affirming the revocation of its registration because of violation on foreign ownership in mass media.

SEC payment portal to accept BIR registration payments

The SEC’s Electronic Simplified Processing of Application for Registration of Company (eSPARC) will be enhanced to facilitate one-time payment of both SEC and BIR registration fees by the third quarter of 2022.
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