TEST
Home Tags SEC

Tag: SEC

SEC approves Vista Land, Cirtek bond offerings

THE Securities and Exchange Commission (SEC) has approved the planned bond offerings of Vista Land & Lifescapes, Inc. (VLL) and Cirtek Holdings Philippines Corp.

The Medical City chairman to appeal SEC decision

THE Medical City (TMC) Chairman Jose Xavier B. Gonzales will appeal the ruling of the Securities and Exchange Commission (SEC) which slapped a fine of at least P50.25 million on the hospital’s majority shareholders in relation to its ownership transfer.

SEC warns public vs free ‘financial training’ seminars

THE Securities and Exchange Commission (SEC) is warning the public against a new investing scheme that operates under the guise of free training seminars on financial derivatives to lure people into buying securities.

Regulator orders CMIC to take over brokerage

THE Capital Markets Integrity Corp. (CMIC) is set to take over the operations of embattled brokerage R&L Investments, Inc. upon the order of the Securities and Exchange Commission (SEC).

SEC issues warning vs 4 ‘investment’ firms

THE Securities and Exchange Commission (SEC) is advising the public against investing in four companies which have been operating without proper licenses.

Two more firms step towards IPO within the year

Cal-Comp Technology (Philippines), Inc. and Fruitas Holdings, Inc. have secured the approval of the Securities and Exchange Commission (SEC) for their initial public offering (IPO) next month.

SEC clears Fruitas Holdings’ IPO

FRUITAS HOLDINGS, Inc. has been cleared by the country’s corporate regulator to conduct its initial public offering (IPO) next month.

SEC issues warning vs investment firms selling piglets

THE COUNTRY’S corporate regulator has traced two illegal investment operators that involve selling piglets for easy-earning schemes.

SEC orders more online lenders to stop operating

THE SECURITIES and Exchange Commission (SEC) is on its third wave of eliminating illegal online lending applications with the issuance of a new cease and desist order against 12 fraudulent operators.

SEC asks Google’s help in crackdown vs illegal lending apps

THE Securities and Exchange Commission (SEC) is seeking assistance from Google Philippines in its crackdown against illegal online lending applications.

SEC issues advisory vs Right Circle, Wheretogo

THE Securities and Exchange Commission (SEC) is advising the public to “exercise caution” when dealing with two companies soliciting investments without a proper license.

SEC proposes changes to REIT rules

THE Securities and Exchange Commission (SEC) released on Friday its proposed amendments to the rules guiding real estate investment trusts (REITs) in the Philippines.

SEC issues warning vs Better Adsource

THE Securities and Exchange Commission (SEC) has warned the public against dealing with Better Adsource System, Inc. which has been soliciting investments without the necessary license.

SEC green-lights AboitizPower’s bond issuance

ABOITIZ Power Corp. said on Monday that it had secured approval from the Securities and Exchange Commission (SEC) to sell up to P12 billion worth of peso-denominated fixed-rate retail bonds this month.

SEC issues stop order vs 11 online lending apps

THE Securities and Exchange Commission (SEC) continues its crackdown against illegal lenders with the issuance of a cease and desist order (CDO) against 11 online lending applications.

SEC approves SMC’s P10-billion fixed-rate bond issue

SAN MIGUEL Corp. (SMC) said Friday that it obtained approval of the Securities and Exchange Commission for a P10 billion fixed-rate bond issue that forms part of its P60-billion shelf registration.

SEC greenlights Now Corp equity restructuring

NOW Corp. said it has erased its deficit of P402 million after it received approval from the Securities and Exchange Commission (SEC) to undergo equity restructuring.

SEC warns public vs investment schemes

THE SECURITIES and Exchange Commission (SEC) is advising the public to exercise caution against several companies that have been illegally soliciting investments.

Anti-red tape body orders FDA, SEC to recognize backlogged applications

THE Anti-Red Tape Authority (ARTA) has ordered the Food and Drug Administration (FDA) and the Securities and Exchange Commission (SEC) to approve pending applications before them.

Regulator warns against investing in Brix Ventures

THE Securities and Exchange Commission (SEC) is warning the public against a group operating under the names Brix Gamefowl Breeding, Brix Ventures, Inc., and AB Eugenio Trading, for illegally soliciting investments.

SEC says Kapa-Community has not applied for secondary license

THE Securities and Exchange Commission (SEC) refuted claims by alleged investment scam Kapa-Community Ministry International that it has filed for a license to solicit investments from the public, noting that its incorporation papers remain suspended.

Corporate regulator cracks down on ‘unfair debt collection practices’ by financing,...

FINANCING AND LENDING companies that resort to “unfair” collection practices, including use of violence, face hefty fines or revocation of permit to operate under new rules issued by the Securities and Exchange Commission (SEC).

President names new SEC commissioner

PHILIPPINE President Rodrigo R. Duterte has transferred Agrarian Reform Undersecretary Karlo S. Bello to the Securities and Exchange Commission (SEC).

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).