The SEC said it will no longer accept submissions made through email, mail or courier, and provide drop boxes in its offices once the online submission tool (OST) goes live.
In separate advisories issued on Feb. 9, the SEC advised the public to exercise caution when dealing with Solmax Global Limited and Igniter 100, as well as BitAccelerate.
Investree Philippines, a joint venture between Filinvest Development Corporation and Investree Singapore, is the first crowdfunding intermediary and funding portal registered with the SEC since the Rules and Regulations Covering Crowdfunding took effect in July 2019.
The SEC said Super Cash Lending Corp., operating through its online lending platforms Super Cash, Cash Porter, and Loan Bee, threatened borrowers with shaming on social media through the publication of their loan and personal details, as well as with estafa and theft charges.
Under the proposed rules, a regulated entity must create a management group called the Information Security Group (InfoSec Group), separate from its existing Information Technology Group, and appoint a Chief Information Security Officer.
The Securities and Exchange Commission (SEC) has ordered Forsage Philippines to stop soliciting investments from the public through a crowd-funding platform based on the Ethereum blockchain technology.
FCash Global Lending, which operates online lending platforms Fast Cash and Fast Cash Loan, has made multiple attempts to collect loan payments by contacting or threatening persons other than those that the borrower has identified as guarantors or co-makers.
The SEC has launched a webinar series aimed at boosting the ease of doing business, develop an inclusive capital market, and attract investors in the Philippines.
The SEC said the act of Crowd1 of publishing and making presentations on its investment/business scheme through its website, Facebook, YouTube and on-ground events, and inviting investors constituted a public offering not allowed under its license.
The Securities and Exchange Commission has warned the public against individuals and groups engaged in unauthorized activities such as investment-taking in the guise of cryptocurrency trading and online selling.
