Page 23 - Securities Regulation Code News Today

Published May 18, 2021, 3:46 PM The Securities and Exchange Commission (SEC) has given investment companies, brokers, dealers and other covered capital market participants an overall “medium” risk rating. This is the result of its money laundering (ML) and terrorist financing (TF) risk assessment of the securities sector the commission released recently.  The rating is based on the 2021 Sectoral Risk Assessment for the Securities Sector, conducted by the SEC with technical assistance from ...

Philippine securities sector has ‘medium’ risk to money laundering, terrorist financing —SEC By TED CORDERO, GMA News Published May 18, 2021 12:48pm The Securities and Exchange Commission (SEC) said Tuesday it has released the results of its money laundering (ML) and terrorist financing (TF) risk assessment of the country’s securities sector. In its assessment, the corporate regulator gave investment companies, brokers, dealers, and other covered capital market participants an o...

SEC-Davao warns vs investing in KAPA-linked MER’S Business Center  May 9, 2021 | 7:52 pm SEC PHOTO RELEASE THE SECURITIES and Exchange Commission’s (SEC) Davao office has issued a public warning against putting money into or acting as coordinator for MER’S Business Center, which does not have a permit for investment operations. In an advisory issued over the weekend, the agency said MER’S is not registered as a corporation or partnership, much less holds a license to sell...

BusinessWorld May 3, 2021 | 12:06 am THE Securities and Exchange Commission (SEC) has issued an advisory against JPCompany Online Shop for collecting investments from the public without registering with the regulator and without securing the proper license. JPCompany Online Shop or JP Company is said to be headed by a certain John Paul Acuzar Chan. The SEC noted that the entity has acquired a certificate of business name registration in January from the Department of Trade and I...

1.     iWATCH.PH CORPORATION (iWATCH.PH) 2.     LEARN and EARN ONLINE, 247 CRYPTOTRADING FX, 247 CRYPTOTRADE ONLINE, EXCHANGESTOCK, BINARY OPTIONS TRADING, and WOLVES OPTIONS 3.     WONKACASH/WONKA CASH APP FINANCIAL CONSULTANCY SERVICES 4.     IX TRADE/IXTRADE 5.     BEYOND GENERATIONS DIGITAL MARKETING SERVICES iWATCH.PH CORPORATION (iWATCH.PH), headed   by JEROME OPERIO, REINER CADIZ and JOSEPH REGALARIO are allegedly enticing the public to invest in the said ent...

The Securities and Exchange Commission (SEC) will allow the submission of electronically signed annual financial statements (AFS) by corporations enrolled in the newly launched Online Submission Tool (OST). This is while Metro Manila and nearby provinces are under enhanced community quarantin

SunStar + April 10, 2021 THE Court of Appeals (CA) has upheld the order of the Securities and Exchange Commission (SEC) revoking the certificate of incorporation of Kapa Community Minis try International for its fraudulent investment taking activities. In an 18 page decision dated March 11, 2021, the CA Special 16th Division held that the SEC validly acquired exclusive jurisdiction over the petition for the revocation of Kapa’s incorporation, heard the petition with due process a...

BusinessWorld February 22, 2021 | 6:51 pm By Cesar L. Villanueva The most profound effects of the Revised Corporation Code in the pursuit of corporate governance (CG) reforms in the private corporate sector may be grouped into three areas, namely: First, the granting of statutory foundation to the CG principles and best-practices championed by the Securities and Exchange Commission (SEC) in the private corporate sector, highlighted by the formal recognition of “corporations v...

Published February 17, 2021, 6:00 AM The Securities and Exchange Commission (SEC) again warns the public against individuals and groups engaged in unauthorized investment-taking activities disguised as cryptocurrency trading and franchising.  In separate advisories issued on February 9, the Commission advised the public to exercise caution when dealing with Jams Mart, Solmax Global Limited and Igniter 100, as well as BitAccelerate.  It said all three groups have not secured the necessary lice...

Published February 17, 2021, 5:00 AM The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for operating an unauthorized investment program that resembles a Ponzi scheme.  The SEC Enforcement and Investor Protection Department (EIPD) also imposed penalties totaling P9 million against Chiyuto and its single stockholder Patrocenio Calvez Chiyuto, Jr. for administrative violations of the Securities ...