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SEC approves incorporation of Suncity WC Hotel to Suntrust

THE Securities and Exchange Commission (SEC) has approved the incorporation of Suncity WC Hotel Inc. as a new wholly owned subsidiary of Suntrust Home Developers, Inc.

SEC warns against Masa Mart investment schemes

THE Securities and Exchange Commission (SEC) has advised the public not to invest or stop investing in any scheme offered by Masa Mart Business Center after it has solicited investments without proper registration.

SEC allows staggered booking of credit losses

THE Securities and Exchange Commission (SEC) has allowed the staggered booking of credit losses to help licensed financing companies, lending companies, and accredited microfinance non-government organizations (NGO) during the pandemic.

SEC cancels license of Super Cash

THE Securities and Exchange Commission (SEC) has revoked the certificate of authority of Super Cash Lending Corp. due to its unfair debt collection methods.

SEC warns public against investing in Maxx Profit

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading (Maxx Profit), which it said solicited funds despite being unregistered.

SEC approves public offerings of Cityland, PSIF

THE PUBLIC offerings of Philippine Stock Index Fund Corp. (PSIF) and Cityland, Inc. have been cleared by the corporate regulator, giving investors more choices to see their funds appreciate.

Developers granted 3-year extension to comply with accounting norm on borrowing...

THE Securities and Exchange Commission (SEC) has granted property firms more time to implement an accounting standard governing the treatment of borrowing costs, citing the need to provide relief to the industry during the financial crisis.

SEC to require regulated firms to create information security group

THE Securities and Exchange Commission (SEC) is finalizing a memorandum circular that requires regulated entities to create an information security group.

SEC seeks nominations for microfinance NGO council

THE Securities and Exchange Commission (SEC) said Tuesday that it is soliciting nominations from the private sector for individuals to serve on the Microfinance NGO Regulatory Council (MNRC), following a recent vacancy due to resignation.

SEC wins case vs investment agents

THE CORPORATE regulator won a lawsuit against three operators who illegally solicited investments from the public, the Securities Exchange and Commission (SEC) said on Monday.

SEC tightens rules on investment firms

THE SECURITIES and Exchange Commission (SEC) has tightened the rules covering investment companies and fund managers, in order to align with global best practices and to better protect shareholders.

Ban on sale, issuance of bearer shares proposed

THE SECURITIES and Exchange Commission (SEC) is drafting new rules that aim to increase the transparency of beneficial ownership of corporations, in a bid to prevent them from being used as vehicles for money laundering and terrorist financing.

SEC warns public against two unauthorized investment groups

THE SECURITIES and Exchange Commission (SEC) Philippines recently warned the public against participating in investment schemes of Extremebot Corp. and Greenlift Wellness Products Trading (Greenlift) as these entities do not have a license to sell securities.

SEC warns against two unauthorized investment groups

THE SECURITIES and Exchange Commission (SEC) is warning the public against engaging with groups that solicit investments from the public without a license to sell securities.

US tech firms can pay gig workers with equity under SEC...

WASHINGTON — The US securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and to pay gig workers up to 15% of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce.

SEC warns against text scams using Duterte’s name

THE SECURITIES and Exchange Commission (SEC) is warning the public against text scams that use the name of President Rodrigo R. Duterte relating to a charity raffle where the message recipients is supposed to have won thousands in pesos.

SEC allows banks to use industry-specific framework for financial statements

THE SECURITIES and Exchange Commission (SEC) is allowing an industry-specific framework in reporting financial statements for banks and other entities regulated by the Bangko Sentral ng Pilipinas (BSP) in consideration of relief measures extended during the coronavirus pandemic.

SEC waives fines for missed, late corporate reports

THE Securities and Exchange Commission (SEC) will not be fining companies that were not able to comply with deadlines to file regulatory requirements during the lockdown.

SEC flags investment scheme of Coinmax.ph

THE Securities and Exchange Commission (SEC) has warned the public against investing in a group named Coinmax.ph, which adds to the agency’s growing list of entities operating investment schemes without regulatory clearance.

SEC orders submission of money laundering prevention program

THE Securities and Exchange Commission (SEC) is requiring firms to submit a revised program against money laundering and terrorist financing within the next two months.

Foreign firms told to disclose beneficial ownership

THE Securities and Exchange Commission (SEC) is requiring foreign corporations to disclose beneficial ownership information, as part of the government’s efforts to stop money laundering and terrorist financing.

SEC flags investment scheme operated by Bitcoin Digital

THE Securities and Exchange Commission (SEC) is warning the public against an unregulated investment operator that claims to be endorsed by Finance Secretary Carlos G. Dominguez III and local celebrities.

SEC issues new warning against investing in Mining City

THE Securities and Exchange Commission (SEC) is warning the public that it has not given authority to a group named Mining City to solicit investments or offer securities in the Philippines.

SEC approves Filinvest Land, Megawide, Cityland offerings

THE Securities and Exchange Commission (SEC) has approved the planned public offerings of Filinvest Land, Inc., Megawide Construction Corp. and Cityland Development Corp.

SEC warns against investing in Olympro

THE Securities and Exchange Commission (SEC) is warning the public against engaging with a certain Olympro Stocktrading Web Content Publishing (Olympro), which it said is not authorized to solicit investments from the public.

SEC now allows conversion to one-person firm

THE Securities and Exchange Commission (SEC) is now allowing companies to apply for conversion from an ordinary stock corporation to a one person corporation, and vice versa.

SEC issues warning against unauthorized investment and lending firms

THE Securities and Exchange Commission (SEC) has flagged groups operating investment schemes and lending facilities without regulatory authorization.

SEC orders shutdown of Forsage ‘gullibility’ scheme

THE Securities and Exchange Commission (SEC) has ordered the closure of Forsage and Forsage Philippines for activities involving the illegal solicitation of investments.

SEC to rate entities on risks vs laundering, terror finance

THE Securities and Exchange Commission (SEC) wants to be more proactive in tracking money laundering and terrorist financing by rating the effectiveness of firms in preventing such activities.

Converge ICT’s IPO gets regulator approval

INTERNET provider Converge ICT Solutions, Inc.’s initial public offering (IPO), which may raise up to P41.55 billion, has received the go signal from the Securities and Exchange Commission. (SEC).

SEC orders financing firms to extend debt relief to clients

FINANCING COMPANIES, lending companies and microfinance nongovernment organizations (NGOs) are required to implement a one-time, 60-day grace period for all loans due within the year.

Uy’s gaming firm gets SEC nod for P1.13-billion follow-on offering

PH RESORTS GROUP HOLDINGS, Inc., the gaming and hospitality firm of businessman Dennis A. Uy, has gained regulatory approval to do a follow-on offering of P1.125-billion common shares.

SEC warns against unauthorized investment scheme of PhilHelp

THE Securities and Exchange Commission (SEC) is warning the public against engaging in representatives of an investment group called “PhilHelp”.

SM Investments gets corporate regulator’s nod on P30-billion bond program

SM Investments Corp. (SMIC) has received the approval of the Securities and Exchange Commission (SEC) for the shelf registration of a P30-billion bond program.

SEC flags 2 unauthorized funding scheme operators

THE Securities and Exchange Commission (SEC) is advising the public to stop engaging with Mining City and Hoton Retail and Services, Inc. as these groups are operating unauthorized investment schemes.

SEC permanently shuts Fast Track

THE Securities and Exchange Commission (SEC) has ordered the permanent shutdown of Fast Track Worldwide, Inc., which it found operating an unauthorized investment scheme.

SEC flags new funding scheme by convicted scammer Gaza

THE Securities and Exchange Commission (SEC) is warning against a group operated by online personality and convicted scammer Xian Gaza (Christian Albert Gaza) for soliciting investments from the public without a license.

Wellness product reseller allowed to resume sales

THE Securities and Exchange Commission (SEC) has allowed JOCALS688 Beauty and Wellness Products Trading, Inc. to resume operations after it was ordered shut for illegally soliciting investments.

SEC warns vs online polls that promise easy profit

THE Securities and Exchange Commission (SEC) has flagged an unauthorized investment scheme that promises payment for answering online polls.

New rules on corporate debt vehicles OK’d

THE Securities and Exchange Commission (SEC) approved new rules for the creation of investment firms that will buy corporate debt papers of large and medium enterprises.

SEC approves Manila Water capital increase to P4.4 billion

EAST ZONE water concessionaire Manila Water Co., Inc. has received approval to increase its authorized capital stock to P4.4 billion after amendments to its articles of incorporation were cleared by the Securities and Exchange Commission (SEC).

SEC says company owners may now opt for perpetual corporate existence

CORPORATIONS may amend their corporate term to be extended, shortened, or deemed to have perpetual existence after a vote from their respective board and stockholders, the Securities and Exchange Commission (SEC) said in its guidelines.

SEC move sets back virus fight, says hospital operator

The Medical City (TMC) said the corporate regulator’s nullification of a shareholder group’s acquisitions of majority shares in Professional Services, Inc. (PSI), the hospital’s operator, puts the country’s response to the coronavirus disease 2019 (COVID-19) at risk.

SEC invalidates share purchases in The Medical City; acquiring entities prepare...

A SHAREHOLDER group’s acquisitions of majority shares in Professional Services, Inc. (PSI), The Medical City’s operator, were nullified by the corporate regulator for allegedly being illegal and fraudulent.

SEC probes brokers over failed REIT trade

THE Securities and Exchange Commission (SEC) is investigating cases of failed trading of real estate investment trust (REIT) shares which started last week.