Tag: Securities & Exchange Commission

Press Release

SEC REVOKES, FINES VENTURE SECURITIES FOR FRAUD LEADING TO R&L INVESTMENTS’ COLLAPSE

A special hearing panel (SHP) at the Securities and Exchange Commission (SEC) has revoked the license of Venture Securities, Inc. (VSI) and imposed penalties totaling P32 million against the brokerage and its officers for the fraudulent transfer of client shares from R&L Investments, Inc.

Press Release

SEC Davao: Don’t invest in G-HARVEST

DAVAO CITY — The Securities and Exchange Commission-Davao Extension Office has advised the public against investing in G-HARVEST INCORPORATED/GREAT HARVEST INCORPORATED (G-HARVEST). The call was in relation to the advisory that the Commission released on May 20 against the entity, with principal office at Door 11, DV Patricio Building, Tulip Drive, Ecoland, Matina Crossing, Davao City. (SEC)