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12 arrested for investment scams

THE Securities and Exchange Commission (SEC), together with the National Bureau of Investigation (NBI), has arrested 12 people who are allegedly involved in investment scams.

SEC issues warning against SGP Dragon Trading

THE Securities and Exchange Commission (SEC) has warned the public against investing in SGP Dragon Trading Corp., a company allegedly offering investment products that promise as much as a 2.5% interest rate per day.

SEC moves deadline for NPOs to submit disclosure forms

THE Securities and Exchange Commission (SEC) has moved the deadline for registered nonstock corporations to submit the mandatory disclosure form until 30 days after it comes out with new guidelines.

SEC warns against investing in Tabale Cacao Farms

THE Securities and Exchange Commission (SEC) has advised the public against dealing with Tabale Cacao Farms and Togachat Academy Philippines, Inc. for their unauthorized solicitation of investments.

One-stop shop eyed for accreditation of external auditors

THE Securities and Exchange Commission (SEC) plans to establish one-stop shops for the accreditation of external auditors in the financial sector by next month.

GenSan court junks KAPA petition vs SEC

A GENERAL Santos (GenSan) City court has junked Kapa-Community Ministry International, Inc.’s (KAPA) petition for injunction against the Securities and Exchange Commission (SEC), citing lack of jurisdiction over the matter.

SEC warns public vs investing in Paycheck companies

THE Securities and Exchange Commission (SEC) warned the public against investing in several “Paycheck” companies, since these are not authorized to solicit investments or have the license to sell securities.

Kapa officials snub DoJ probe

OFFICIALS from Kapa-Community International Ministry, Inc. (Kapa) failed to show up on Friday in the Department of Justice’s(DoJ) first preliminary probe on the alleged Ponzi scam spearheaded by the organization on its members.

Regulator issues cease-and-desist order against mining firm

THE Securities and Exchange Commission (SEC) has issued a cease-and-desist order against Alabel Maasim Mining Corp. (ALMAMICO), Alabel-Maasim Small Scale Mining Cooperative and/or Alabel Maasim Credit Cooperative (ALAMCCO) for its illegal solicitation of investments from the public.

SEC issues advisory vs Requiza Poultry, Unlishop

THE Securities and Exchange Commission (SEC) has advised the public to be cautious in dealing with Requiza Agricultural Products Trading (Requiza Poultry) and Unlishop E-commerce Advertising Company (Unlishop) since neither are allowed to solicit investments.

Regulator tweaks guidelines on corporate names

THE Securities and Exchange Commission (SEC) has revised the guidelines on corporate names to reflect changes in the Revised Corporation Code, particularly on the formation of one person corporations (OPC).

SEC issues warning vs ‘Good Samaritan Riders’ group

THE Securities and Exchange Commission (SEC) has warned the public against investing in Tagbilaran-based group The Philippines Good Samaritan Riders Association, Inc, (TPGSRA) since it has no authority to do so.

SEC junks JMVC’s motion for reconsideration

THE Securities and Exchange Commission (SEC) has denied the motion for reconsideration filed by Josefina Multi-Ventures Corp. (JMVC) on the dismissal of its petition that sought to nullify the share swap transaction of San Miguel Corp. (SMC) and its subsidiaries.

SEC files complaint against Kapa ministry

THE SECURITIES and Exchange Commission (SEC) filed a criminal complaint against Kapa-Community Ministry International, Inc. along with its president Joel A. Apolinario and seven others before the Department of Justice for alleged involvement in an investment scam.

Petron’s preferred share offer gets SEC go signal

THE Securities and Exchange Commission (SEC) has given the green light for Petron Corp. to offer perpetual preferred shares worth up to P20 billion.

SEC warns public against investing in Broilerpreneur, ADA Farm, Ever Arm

THE Securities and Exchange Commission (SEC) warned the public against several groups that have been luring investors in exchange for unrealistically high returns.

SEC approves AEV shelf registration for P30-B worth of bonds

ABOITIZ Equity Ventures, Inc. (AEV) has obtained approval from the Securities and Exchange Commission (SEC) to offer to the public P30 billion worth of fixed-rate bonds.

SEC approves hospital operator’s P1-B offering

ALLIED CARE Experts (ACE) Malolos Doctors, Inc. has secured clearance from the Securities and Exchange Commission (SEC) to push through with its P1-billion maiden offering.

An accomplished yet humble-hearted man

Remembering David L. Balangue Accounting and auditing veteran David “Dave” L. Balangue’s life ended last April 29 after he succumbed to a lingering illness at...

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.