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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.

SEC extends annual report filing date

THE Securities and Exchange Commission (SEC) is once again giving companies more time to submit their annual reports and general information sheets amid the coronavirus pandemic.

SEC warns against two unauthorized forex traders

THE Securities and Exchange Commission (SEC) has flagged unauthorized groups masking as foreign exchange (forex) traders, trying to solicit investments from the public without a license.

SEC extends deadline for new manual on governance

THE Securities and Exchange Commission (SEC) is extending the deadline for the submission of a new Manual on Corporate Governance for public companies and registered issuers until the end of next month.

Regulator shuts down BOSS Network for fraud

THE Securities and Exchange Commission (SEC) has ordered the shutdown of Building Our Success Stories Network, Inc. (BOSS Network), which it said is fooling investors that it runs a multi-level marketing program.

Corporate regulator warns against easy-money schemes

THE Securities and Exchange Commission (SEC) is warning the public against engaging in groups that offer easy-money schemes that are found violating government regulations.

SEC seeks updates on investment company rules

THE Securities and Exchange Commission (SEC) is seeking to change some procedures in regulating fund managers and investment companies to tighten shareholder protection.

SEC bans, fines R&L external auditor for negligence in brokerage collapse

THE Securities and Exchange Commission (SEC) has disqualified the external auditor of R&L Investments, Inc. over its “gross negligence” that resulted in the emptying of the brokerage’s inventory of stocks.

SEC flags unauthorized investment groups, lending firm

THE Securities and Exchange Commission (SEC) has issued new warnings against groups taking investments from the public without authorization from the government.

SEC extends deadline for filing corporate annual reports anew

THE Securities and Exchange Commission (SEC) is extending the deadline for submission of Integrated Annual Corporate Governance Reports (I-ACGRs) for another month due to the continuing effects of the coronavirus pandemic.

SEC permanently shuts CROWD1

THE Securities and Exchange Commission (SEC) has denied the request of CROWD1 Asia Pacific, Inc. to have its shutdown order lifted.

SEC warns against BTXTraders.com, Seashore, Discovery Resorts

THE Securities and Exchange Commission (SEC) has issued new warnings to the public against investing in groups that it said do not have licenses from the government.

Corporate regulator sets new schedule for filing of annual reports

THE Securities and Exchange Commission (SEC) has extended until August the filing schedule of annual reports due to the closure of its office in the next two weeks.

SEC closes for two weeks as virus infects more staff

THE main office of the Securities and Exchange Commission (SEC) will be locked for two more weeks for disinfection after more employees tested positive for coronavirus disease 2019 (COVID-19).

SEC approves Ayala Land’s REIT offering

The real estate arm of Ayala Corp. has secured the nod of the Securities and Exchange Commission (SEC) for its real estate investment trust...

SEC looking to allow corporate debt funds as crisis response

THE Securities and Exchange Commission (SEC) is seeking to launch corporate debt funds (CDF) that will invest in debt papers of large corporations and medium-sized enterprises.

SEC warns investors about Wealthness Global scheme

THE Securities and Exchange Commission (SEC) is warning the public against participating in investment opportunities offered by a certain Wealthness AM Global Corp. (Wealthness Global).

Firms told to inform SEC if they cannot file annual reports

PUBLICLY listed companies and those with registered securities should inform the Securities and Exchange Commission (SEC) this week if they are having difficulty in filing the 2019 annual reports and 2020 first-quarter reports.

SEC proposed rules to simplify onboarding of low-risk accounts

THE Securities and Exchange Commission (SEC) is seeking to simplify the onboarding of accounts to financial intermediaries if they have a deposit not more than P50,000.

SEC adjusts submission schedule of annual reports

THE Securities and Exchange Commission (SEC) has adjusted the schedule for submission of annual reports following the three-day closure of its main office last week.

SEC flags investment schemes posing as online sellers, cryptocurrency traders

THE Securities and Exchange Commission (SEC) warned the public against unlicensed investment companies pretending to be online sellers or cryptocurrency traders.

SEC backs ‘social bonds’ to help fund recovery efforts

THE Securities and Exchange Commission (SEC) said it is encouraging bond issuers to tap the social bond market to help support economic recovery efforts.

SEC warns against two fraudulent investment operators

THE SECURITIES and Exchange Commission (SEC) has issued warnings to the public against investing in groups named E-Work Online Digital Marketing Services (Ework) and Quick Options.

SEC wants more independent directors on exchanges board

THE Securities and Exchange Commission (SEC) is proposing that independent directors comprise the majority of the board of exchanges and other organized markets, following international best practices.

SEC warns public against Daily Passive investment scheme

THE Securities and Exchange Commission (SEC) has raised the flag against Daily Passive Btc Ltd, which it said is operating an unlicensed investment scheme.

SEC renews call for debt relief

LENDING companies are again asked to assist borrowers by offering debt relief measures to cope with the coronavirus disease 2019 (COVID-19) pandemic.

SEC orders companies to improve cybersecurity

THE Securities and Exchange Commission (SEC) told companies to enhance cybersecurity safeguards as most business transactions move to digital spaces due to physical distancing protocols.

Lenders ordered to settle fees with SEC

LENDING and financing companies that have annual fees due during the enhanced community quarantine are asked to settle their dues with the Securities and Exchange Commission (SEC) starting next week.

SEC warns against Ethmarket investment

THE SECURITIES and Exchange Commission (SEC) is warning the public against engaging with Ethmarket Llc/Ethmarket Llc Ph (Ethmarket), which it said is offering investment contracts without a license.

SEC to limit physical contact in pandemic

The Securities and Exchange Commission (SEC) will be limiting the physical operations of its registration department to select services as the coronavirus disease 2019 (COVID-19) pandemic persists.

No grace period for loans falling due this month — SEC

FINANCING and lending companies will no longer be required to offer a grace period for loans that fall due this month as strict lockdown measures eased around the country, the Securities and Exchange Commission (SEC) said.

SEC flags Financial Breakthrough, One Market Global investor scheme

THE Securities and Exchange Commission (SEC) has flagged two groups offering investment opportunities to the public without secondary licenses from the commission.

SEC shuts two firms for fraud

THE Securities and Exchange Commission (SEC) has ordered the shutdown of two investment companies which it found were operating fraudulent schemes.

Boss UP among four investment groups flagged by SEC

THE Securities and Exchange Commission (SEC) is warning the public against four groups that are offering investment opportunities without authorization from the government.