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SEC wants to curb lending firms’ unfair debt collection practices

THE Securities and Exchange Commission (SEC) wants to prevent financing companies (FC) and lending companies (LC) from using “unfair” debt collection practices, such as harassment and threats, on its borrowers.

SEC warns public vs investing in BNP Client Project

THE Securities and Exchange Commission (SEC) warned the investing public against companies headed by Armando G. Gabriel and Jay C. Galang for their illegal solicitation of investments.

Registration for 1 person corporation starts May 6

ENTITIES with only one stockholder may start applying for company registration starting May 6, after the issuance of guidelines by the Securities and Exchange Commission (SEC).

SEC cancels Yeheey’s incorporation papers

THE SECURITIES and Exchange Commission (SEC) has invalidated the incorporation papers of Yeheey iTraffic System, Inc. for the damage it might cause the public due to its paid-to-click scam.

SEC approves rules on social, sustainability bonds

THE Securities and Exchange Commission (SEC) has greenlit the guidelines for the issuance of social and sustainability bonds in line with regional standards.

SEC revokes Kapa’s certificate of incorporation

THE Securities and Exchange Commission (SEC) has invalidated the registration papers of religious organization Kapa-Community Ministry International, Inc. (Kapa) for its illegal solicitation of investments from the public.

SEC drafts rules on perpetual corporate existence

THE Securities and Exchange Commission (SEC) is seeking comments from the investing public for its proposed guidelines on the perpetual existence of corporations.

SEC issues rules for investment adviser pass

THE Securities and Exchange Commission (SEC) has issued the guidelines that will allow the free movement of investment advisers within members of the Association of Southeast Asian Nations (ASEAN) that are signatories to a framework that aims to enhance the connectivity of capital market professionals in the region.

SEC sets rules for forming one-person corporations

THE Securities and Exchange Commission (SEC) has released on Friday draft guidelines listing documentary requirements for putting up a one-person corporation (OPC) and providing how ordinary stock corporations can be converted into OPCs.

General Santos court denies Kapa-Community’s TRO petition

A GENERAL SANTOS City court has denied religious organization Kapa-Community Ministry International, Inc.’s petition for a temporary restraining order (TRO) against the investment advisories and cease and desist order (CDO) issued by the Securities and Exchange Commission (SEC).

GSMI shareholder’s petition dismissed

THE Securities and Exchange Commission (SEC) has dismissed the request of Ginebra San Miguel, Inc.’s (GSMI) minority shareholder to nullify San Miguel Corp.’s (SMC) share swap with its food and beverage units for lack of merit.

Cease and desist order issued vs Kapa-Community Ministry

THE SECURITIES and Exchange Commission (SEC) has barred independent religious firm Kapa-Community Ministry Internationals, Inc. from soliciting investments from the public, since it does not have the necessary license.

SEC drafts circulars for Corporation Code changes

THE COUNTRY’S corporate regulator is set to release memorandum circulars for certain provisions of the newly signed Revised Corporation Code, as the law itself will be self-executory.

Nissan is said to face SEC probe in US over executive...

THE Securities and Exchange Commission (SEC) is investigating whether Nissan Motor Co. accurately disclosed its executive pay in the US, according to several people familiar with the matter, compounding the car maker’s woes as it grapples with the aftermath of former chairman Carlos Ghosn’s arrest.

SEC approves Dennis Uy firm’s P18.5-billion follow-on offering

THE Securities and Exchange Commission (SEC) has given the greenlight for the P18.488-billion follow-on offering of PH Resorts Group Holdings, Inc. as well as BDO Leasing and Finance, Inc.’s (BDOLFI) plan to issue P15 billion worth of commercial papers.

Philippine corporate regulator joins IFIAR

THE Securities and Exchange Commission (SEC) is now a member of the International Forum of Independent Audit Regulators (IFIAR), an organization that works toward advancing sustainable and high quality audit reports.

SEC says rules on virtual currency exchanges, ICOs out within 1st...

THE Securities and Exchange Commission (SEC) is confident it can come out with rules on virtual currency exchanges (VCE) and initial coin offerings (ICO) within the first half of the year, as it looks to regulate the new ways of raising funds.

SEC upholds Calata delisting

THE country’s corporate regulator has upheld the Philippine Stock Exchange’s (PSE) decision to remove agribusiness firm Calata Corp. from the local bourse, due to violations of trading and disclosure rules.

Downloadable forms removed from SEC website

THE Securities and Exchange Commission (SEC) has temporarily removed all downloadable forms on its website due to a cyber threat found over the weekend.

SEC renews warning against Paysbook

THE Securities and Exchange Commission (SEC) has reiterated its warning to the public against investing in Paysbook E-Commerce System Corp., as it has no license to solicit such investments.

SEC clears Iloilo healthcare provider’s IPO plan

An Iloilo City-based company that manages hospitals and healthcare facilities has secured approval of the Securities and Exchange Commission (SEC) to sell its shares through an initial public offering (IPO).

2GO-Nenaco merger gets SEC go signal

THE Securities and Exchange Commission (SEC) has approved 2GO Group, Inc.’s merger with parent company Negros Navigation Co., Inc. (Nenaco), the listed logistics company told the stock exchange on Wednesday.

SEC warns vs illegal sale of timeshares, propriety shares

THE Securities and Exchange Commission (SEC) has warned the investing public against entities who illegally sell proprietary or non-proprietary shares or membership certificates or timeshares.

SEC requires companies to declare beneficial owners

THE Securities and Exchange Commission (SEC) has issued a memorandum circular directing companies to declare their beneficial owner to ensure that they will not be used for money laundering and terrorist financing purposes.

IRC’s name change gets SEC go signal

IRC Properties, Inc. has secured approval to change its core interests to infrastructure and real estate, alongside changing its corporate name to Philippine Infradev Holdings, Inc.

SEC tightens scrutiny of non-profit organizations with new guidelines

THE Securities and Exchange Commission (SEC) has issued guidelines to prevent registered non-profit organizations (NPO) from being used as vehicles for money laundering or terrorist financing.

SEC says on track for full automation of company registration system

THE Securities and Exchange Commission (SEC) is working on fully automating its company registration system (CRS) within the next two months, among other initiatives to promote the ease of doing business in the country.

SEC to release sustainability reporting rules before yearend

THE country’s bourse operator and corporate regulator are placing the spotlight on sustainability reporting for listed firms, recognizing the need to disclose non-financial information to better aid the public in making investment decisions.

SEC warns public vs investing in Bioglow laundry shops

THE Securities and Exchange Commission (SEC) has advised the public against investing in Bioglow Laundry Shop (Bioglow), noting that it is not registered with the commission nor authorized to solicit investments.

SEC approves San Miguel food subsidiary’s P142.81-billion follow-on offering

THE SECURITIES and Exchange Commission (SEC) has given the go signal for San Miguel Food and Beverage, Inc. (SMFB) to conduct its P142.81-billion follow-on offering, slated to be the largest share sale in the history of the Philippine equities market.

SEC warns public vs three investment entities

THE COUNTRY’S corporate regulator has advised the public against three entities which have been soliciting investments without the necessary licenses.

SEC warns public vs Dreamconnect

THE Securities and Exchange Commission (SEC) has advised the public against investing in Dreamconnect International Corp., saying it has no authority to solicit investments.

Regulator to look into minority shareholder’s complaint vs SMC

THE Securities and Exchange Commission (SEC) has formed a special panel to investigate a complaint filed against San Miguel Corp. (SMC) and its subsidiaries for allegedly violating the mandatory tender offer rule prior to the merger of its traditional businesses.

SEC drafting rules for virtual currency exchanges

THE SECURITIES and Exchange Commission (SEC) will be releasing a draft of new guidelines on virtual currency exchanges (VCE) this September, as it rushes to regulate the number of companies seeking to operate as a trading platform for virtual currencies (VC) in the country.

SEC warns against illegal lending firms

THE Securities and Exchange Commission (SEC) has warned the public against investing in Almasai Finance and Investment or Almasai Equity Holdings Corp. as well as EMMRJ Lending Investors Corp. or EMMRJ Loan Consultancy Corp., saying none of these firms are licensed to solicit investments or act as lenders.

SEC warns public against illegal lending firms

The Securities and Exchange Commission (SEC) has warned the public against investing in Almasai Finance and Investment and EMMRJ Lending Investors Corp. or EMMRJ...

SEC approves Globe’s cell tower company

THE SECURITIES and Exchange Commission (SEC) has approved the incorporation of Globe Telecom, Inc.’s new company that would build cellular towers, the telecommunications giant said on Wednesday.

SEC approves Globe’s creation of new tower firm

Globe Telecom, Inc. is moving closer to establishing a separate tower holding company now that it has secured clearance from the Securities and Exchange...

SEC approves guidelines on ASEAN Green Bonds

THE Securities and Exchange Commission (SEC) has approved the guidelines for the issuance of ASEAN (Association of Southeast Asian Nations) Green Bonds in the country, which will be used to specifically fund green and sustainable projects.

PAL asks SEC to approve equity restructuring

PAL HOLDINGS, Inc. said it sought Securities and Exchange Commission’s (SEC) approval of a new equity restructuring plan.

Court of Appeals denies Rappler’s petition

THE Court of Appeals (CA) has denied the petition of online news site Rappler.com to reverse the decision of the Securities and Exchange Commission (SEC) revoking its incorporation papers for failing to meet the constitutional limits on foreign ownership.

SEC approves equity restructuring bid of Vitarich

THE SECURITIES and Exchange Commission (SEC) has approved the equity restructuring of Vitarich Corp., which will allow the firm to wipe out its deficit and declare dividends to shareholders.

Vitarich bags SEC approval for equity restructuring

The Securities and Exchange Commission (SEC) has approved the equity restructuring of Vitarich Corp that will allow the firm to wipe out its deficit...

SEC warns public against Boss Network

THE Securities and Exchange Commission (SEC) warned the public about dealing with Building our Success Stories Network, Inc. (Boss Network), saying the group is not licensed to solicit investments despite being registered with the commission.

SEC advises against investing in Boss Network

The Securities and Exchange Commission (SEC) warned the public about dealing with Building our Success Stories Network, Inc. (Boss Network), saying that while the...