Pangkabuhayan Program News Today

The Securities and Exchange Commission has ordered  the permanent closure of Wellcons Unlimited Systems Inc., an entity found to be offering investment packages to the public without the necessary license.

The Securities and Exchange Commission (SEC) said it has made permanent its order for Wellcons Unlimited Systems Inc. to stop offering investment packages to the public without the necessary license from the agency. The SEC said it would proceed with the revocation of the certificate of incorporation of Wellcons through…

SEC revokes Wellcons registration due to illegal solicitation of investments

MANILA - The Securities and Exchange Commission (SEC) has revoked the corporate registration of Wellcons Unlimited Systems Inc. for employing a "double-your-money" scheme to illegally solicit investments from the public. In an order dated July 5, the SEC Enforcement and Investor Protection Department (EIPD) found that Wellcons has been publicly offering and selling securities without the necessary secondary license from the commission. In doing so, Wellcons committed an ultra vires act...

The Securities and Exchange Commission (SEC) has revoked the corporate registration of Wellcons Unlimited Systems, Inc. for illegally solicit investments from the public through a “double-your-money” scheme that resembles a Ponzi scam. In its order, the SEC Enforcement and Investor Protection Dep

The Securities and Exchange Commission has shut down Wellcons Unlimited Systems Inc.’s investment offerings to the public.

MANILA - The Securities and Exchange Commission (SEC) has ordered Wellcons Unlimited Systems, Inc. to stop offering investment packages to the public without the necessary license from the Commission. In an order dated June 23, the Commission en banc directed Wellcons to immediately cease and desist from engaging in the unlawful/unauthorized solicitation, offer and/or sale of securities until it has filed the requisite registration statement and secured the necessary approval from the SEC. Wellc...

Government programs focusing on sustainable livelihood such as the Shared Services Facilities (SSF) of the Department of Trade and Industry (DTI) The SSF, a major component of the MSME development program of the DTI, seeks to improve MSME's competitiveness by providing them with machinery, equipment

Three-term Senator and Deputy Speaker Loren Legarda today called for more budgetary support for livelihood programs of the government for the marginalized sectors amid this pandemic. Legarda, principal sponsor and co-author of the Micro, Small and Medium Enterprises (MSME) Law, has been supportive of the government programs focusing on sustainable…

Sustainable livelihood programs are key to an effective pandemic recovery – Legarda Three-term Senator and Deputy Speaker Loren Legarda today called for more budgetary support for livelihood programs of the government for the marginalized sectors amid this pandemic.