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Two Baguio-based firms and their affiliated entities have been ordered to stop operations for illegally soliciting investments from the public. The Securities and Exchange Commission in a press release on June 12 reported its commission en banc issued a cease and desist order against Casa Infini Builders and Realty Co. Ltd., Ray Education Directions Consultancy

The Securities and Exchange Commission (SEC) has ordered Baguio-based real estate firm Casa Infini Builders and Realty Co. Ltd., Ray Education Directions Consultancy Services and their affiliated entities to stop soliciting investments from the public in the guise of real estate-related investments. In an order dated June 8, the SEC…