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Govt sees crypto a way to develop capital mart

Regulators are looking at creating guidelines for cryptocurrencies, Finance Secretary Ralph G. Recto said. Recto said the idea cropped up in a discussion with officials of the Securities and Exchange Commission in ways to develop the capital markets further. The chief of the Department of Finance said that guidelines will…
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Regulator upholds fines against Now | Lorenz S. Marasigan

The Securities and Exchange Commission (SEC) has upheld the imposition of fines on listed telecommunications provider Now Corp. and its CEO Mel Velarde for what it deemed as “misleading” disclosures regarding Now Telecom’s P2.6-billion unpaid obligation to the government. The SEC’s Enforcement and Investor Protection Department rejected Now Corp. and…
Mel Velarde Investor Protection Department Exchange Commission National Telecommunications Commission Supreme Court Now Telecom

SEC purges thousands of delinquent, inactive firms

The Securities and Exchange Commission (SEC) has suspended 117,885 corporations, which failed to comply with the reportorial requirements of the agency. The SEC said most of the companies did not submit their annual reports for more than five years. This is not the first time that the agency conducted a…
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SEC flags illegal securities peddled by 2 local entities

The Securities and Exchange Commission (SEC) urged the public to avoid investing in Badeth’s Foodhouse and Soao Technology Co. Ltd. OPC as both entities are selling securities to the public without the necessary license. Badeth’s Foodhouse is fastfood restaurant is in Cupang North Balanga, Bataan. It is owned by Brisek…
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