DAVAO CITY — The Securities and Exchange Commission-Davao Extension Office (SEC-DEO) has warned the public that some scammers at present are not only taking advantage of the vulnerability of those who are looking for investment vehicles, but have used all forms and means (including games and franchising programs) just to defraud […]
The Securities and Exchange Commission (SEC) has issued another set of advisories against several entities soliciting investments from the public without the necessary licenses. For the complete list of advisories, you may visit https://www.sec.gov.ph/investors-education-and-information/advisories/ The SEC Davao Extension Office has verified the existence of: 1. JAMSMART in DAVAO DE ORO […]
The Securities and Exchange Commission (SEC) recognized champions of investor protection, capital market development, ease of doing business and good corporate governance, as it celebrated its 84th anniversary with a renewed commitment to enabling the Philippine corporate sector. In a virtual anniversary celebration and recognition ceremony on November […]
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 […]
TAGUM CITY — Now that he and his family badly need the money due to the pandemic, they could not produce any as he has lost all his family’s savings to an investment scam which he hoped would provide them with a better future. All in all, he […]
The Securities and Exchange Commission (SEC) is rallying the public to join the fight against investment scams, as it spearheads the first Investor Protection Week from November 9 to 13. The Commission will celebrate Investor Protection Week to promote investor education amid the rising number of unauthorized investment-taking […]
DAVAO CITY — The Securities and Exchange Commission-Davao Extension Office (SEC-DEO) has warned lending and financing companies not to process personal data in debt transactions. The warning came about after the extension office confirmed having received complaints from borrowers whose pieces of personal information were used to threaten […]
DAVAO CITY — The Securities and Exchange Commission-Davao Extension Office (SEC-DEO) has warned lending and financing companies to follow fair collection practices as the government has provided reprieve to borrowers to cushion the impact of the coronavirus pandemic on their debts. The SEC-DEO made the statement as the […]
The Securities and Exchange Commission (SEC) has ordered Forsage and Forsage Philippines to stop soliciting investments from the public through a crowdfunding platform based on the Ethereum blockchain technology. In an order issued September 17, the Commission directed Forsage to cease and desist, under pain of contempt, from […]
The Securities and Exchange Commission (SEC) has canceled the certificate of authority (CA) of FCash Global Lending, Inc. to operate as a lending company for its unfair debt collection practices. In an order dated August 25, the SEC Corporate Governance and Finance Department (CGFD) found FCash liable for […]
