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SEC revokes incorporation of Chiyuto Creative Wealth

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 Regulation Code (SRC). In addition, Chiyuto was permanently disqualified from being a director of other corporations. The SEC-EIPD issued the order after finding that Chiyuto has been offering and selling securities to the public through a double-your-money roulette game without the necessary license from the Commission. 

Corporate meetings made more convenient through remote communication or in absentia

Corporate meetings made more convenient through remote communication or in absentia
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