The Securities and Exchange Commission (SEC) advanced its crackdown on illegal lending with another legal victory, after a regional trial court convicted the incorporators and directors of X-CEE789 Lending and Trading, Inc. for submitting falsified documents for its registration as a lending company.
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.
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)