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MANILA - The Securities and Exchange Commission (SEC) has ordered Wellcons Unlimited Systems, Inc. to stop offering investment packages to the public without the necessary license from the Commission. In an order dated June 23, the Commission en banc directed Wellcons to immediately cease and desist from engaging in the unlawful/unauthorized solicitation, offer and/or sale of securities until it has filed the requisite registration statement and secured the necessary approval from the SEC. Wellcons, its president Merarie Pailagao, as well as its officers, operators, administrators, promoters, ...

MANILA - The Securities and Exchange Commission (SEC) has ordered RGS World Marketing Corp. to stop its illegal investment scheme based in Negros Occidental targeting investors in Western Visayas. In an order dated March 1, the commission en banc directed RGS World to immediately cease and desist from engaging in the unlawful or unauthorized solicitation, offer and/or sale of securities until it has filed the requisite registration statement and secured the necessary approval from the SEC. RGS World, its directors Rodolfo Garcia Salarda Jr., Leah Pasis Salarda, Rodelyn Balico Salarda, Henje No...

MANILA - The Securities and Exchange Commission (SEC) has ordered AlphanetWorld Corporation, which has been doing business under the name NWorld, to stop soliciting investments from the public without the necessary license. In an order issued February 23, the commission en banc directed AlphanetWorld to immediately cease and desist from engaging in the unlawful or unauthorized solicitation, offer and/or sale of securities until the requisite registration statement has been duly filed with and approved by the SEC. "NWorld is unlawfully engaged in the sale and/or offer of unregistered secur...