Tag: Press Release

SEC APPROVES INDUSTRY-SPECIFIC FINANCIAL REPORTING FRAMEWORK FOR BANKS, OTHER BSP-SUPERVISED ENTITIES AMID COVID-19

 The Securities and Exchange Commission (SEC) has approved an industry-specific framework for the preparation of the audited financial statements (AFS) of financial institutions supervised by the Bangko Sentral ng Pilipinas (BSP) to account for the regulatory relief measures extended to them. On November 17, the Commission issued SEC Memorandum […]

SEC ADVISORY: Three more groups soliciting investments from the public without necessary licenses

The Securities and Exchange Commission (SEC) has issued another set of advisories against three more groups soliciting investments from the public without the necessary licenses: 1.     IMMEDIATE EDGE 2.     ACT MACHINERIES 3.     CROWDBIT-88.COM (CROWDBIT-88) IMMEDIATE EDGE claims that it world’s most intelligent cryptocurrency software which can be used to conveniently buy and sell […]