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THE Securities and Exchange Commission (SEC) has revoked the corporate registrations of ScentkoWorld Corp. and Brendahl Cruz Holdings Inc. for running Ponzi-like schemes in its operations through a “buy-and-earn” (B&E) program of perfumes. The SEC’s Enforcement and Investor Protection Department found that the companies affiliated with Brendahl Cruz have been…
Razon-led Prime Strategic Holdings Inc. has completed its tender offer for shares of Apex Mining Co. Inc. earlier this week.
Elmer B Serrano, Serrano Law
THE Securities and Exchange Commission against investing on Algoscalp, which claims to operate a fully-automated trading system of cryptocurrency, as it is not a registered company and its operations are likened to that of a Ponzi scheme. The SEC said in its advisory that the company, which also uses the…
THE Supreme Court on Tuesday directed the Commission on Elections and online news outfit Rappler, Inc. to comment on the petition filed by the Office of the Solicitor General (OSG) seeking to declare unconstitutional the memorandum of agreement (MOA) they entered into on providing election-related information, including fact-checking, during the election period.…