Page 5 - Securities Regulation Code News Today

DAVAO CITY—A Zamboanga City-based investment firm is facing a money-laundering complaint for allegedly taking investments without license from the Securities and Exchange Commission (SEC). The SEC and the Anti-Money Laundering Council (AMLC) filed on October 5 a joint complaint against Silverlion Livestock Trading Corp. According to the regulators, the firm was found to be illegally

SOLAIRE Resort operator Bloomberry Resorts Corp. said Friday that it was aiming to raise at least P5.59 billion through a share offering to local and international investors.

The Securities and Exchange Commission (SEC) has thrown its support behind a proposal that seeks to lower taxes on stock transactions to attract more investors into the market. Albay 2nd District Representative Jose Ma. Clemente Salceda filed last August House Bill (HB) 8958, or the proposed Capital Markets Efficiency Promotion Act. The bill has undergone

The Securities and Exchange Commission (SEC) has advised the public not to deal with two firms offering investment schemes to the public that are posing as an online job platform and a retail outlet. In its advisory, the SEC said the operations of Ariamall/Amelia Mall Philippines Inc. and Eatcited Pasalubong Center are similar to that

THE Securities and Exchange Commission (SEC) has advised the public not to patronize Dermacare-Beyond Skin Care Solutions / Beyond Skincare Solutions and Mono Mall, which it said were using illegal means to entice investors.

THE Securities and Exchange Commission (SEC) has empowered crowdfunding portals to act as registrars of qualified institutional and individual buyers, as it ramps up efforts to boost the capital market. Previously, only the traditional financial intermediaries have been authorized to act as registrars under the implementing rules and regulations of…

The Securities and Exchange Commission (SEC) has secured the conviction of six individuals involved in an investment scam operated by GDM Finance SARL. The Pasig City Regional Trial Court Branch 158 in a decision dated April 17, it found Anita E. Armada, Milany P. Cabrera, Josephine D. Maranan, Nanette D.…

THE Securities and Exchange Commission (SEC) on Aug. 11, 2023 issued Memorandum Circular (MC) 11, Series of 2023 amending certain provisions of the 2015 Implementing Rules and Regulation of the Securities Regulation Code (SRC).

THE Court of Appeals has denied the motion for reconsideration filed by officers and agents of Kapa-Community Ministry International Inc. (Kapa) seeking the reversal of the CA decision allowing authorities to collect evidence in connection with the group’s alleged involvement in a P50-billion Ponzi investment scheme. In a 3-page resolution,…

The eight foreigners are believed to be the brains and/or integral programmers behind the game platforms of SA Rivendell Gaming