Page 21 - Securities Regulation Code News Today

Editorial: Another investment scam

The Securities and Exchange Commission-Davao advisory on the REPA/REPA Paluwagan money investment scheme (Photo courtesy of SEC - Davao) DAVAO CITY - The Securities and Exchange Commission (SEC) in Davao has warned the public on Wednesday against investing in the new money scheme called Repa Paluwagan. In a statement, the SEC-Davao clarified that the operation of the entity is a "Ponzi Scheme," an investment fraud that involves the payment of purported returns to existing investors fro...

DAVAO CITY—Be smart in investing. This is the advice the Securities and Exchange Commission (SEC) could give in commemorating last week’s World Investor Week in a sharp rebuke to the spike in scamming activities in the country as crooks beguile on newbies in financial transaction, notably in mobile banking and…

The Securities and Exchange Commission (SEC) is calling on the public to secure their financial future by becoming smart investors and not become victims of scams. The commission issued this call as it joins the celebration of World Investor Week, a global campaign by the International Organization

MANILA - The Securities and Exchange Commission (SEC) is calling on the public to secure their financial future by becoming smart investors, as it joins the celebration of World Investor Week from October 4 to 10. The World Investor Week is a global campaign by the International Organization of Securities Commissions (IOSCO) that encourages securities regulators to put a spotlight on efforts to promote investor protection. This year's theme focuses on sustainable finance and the prevention o...

SEC pushes scam-free future, financially literate Filipinos

Published June 30, 2021, 9:26 AM Supreme Court “Fairness is what justice really is,” said the late former Justice Potter Stewart of the United States Supreme Court. Justice Stewart’s famous quote aptly described how the Philippine Supreme Court (SC) resolved the dispute between the Securities and Exchange Commission (SEC) and the Commission on Audit (COA) involving the use of the former’s retained earnings for the provident fund of its officials and employees. In 2010, SEC disbursed P1...

The Securities and Exchange Commission (SEC) has revoked the license of Ventures Securities, Inc. (VSI) and slapped P32 million in penalties against the brokerage and its officers for the fraudulent transfer of P700 million worth of client shares from R&L Investments, Inc. An SEC special he

The Securities and Exchange Commission (SEC) is supporting moves to amend Republic Act No. 1405, or the Secrecy of Bank Deposits Law, to reinforce the country’s fight against money laundering, terrorist financing, tax evasion and other financial crimes. The amendments put forward under House Bill N

BusinessWorld June 11, 2021 | 12:01 am REUTERS THE Securities and Exchange Commission (SEC) is backing the amendment of the Republic Act No. 1405 or the Secrecy of Bank Deposits Law to further strengthen its efforts against dirty money, tax evasion, and other financial crimes. “Such provisions will lift a long-standing barrier to effective investigation and prosecution of financial crimes,” the corporate watchdog said. The amendments under House Bill No. 8991 will empower th...