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MANILA - The Securities and Exchange Commission (SEC) has allowed SeedIn Technology, Inc. and Eastern Securities Development Corporation to act as crowdfunding intermediaries and operate crowdfunding portals, providing the country's small, medium and emerging enterprises (SME) with more funding options. In its meeting on February 23, the commission en banc approved the respective applications of SeedIn Technology and Eastern Securities for registration as crowdfunding intermediaries, subject to the companies' compliance with certain remaining requirements. SeedIn Technology The commiss...

The Securities and Exchange Commission has ordered AlphanetWorld Corp., doing business under the name NWorld, to stop soliciting investments from the public, saying the company has no license to do so.

AlphanetWorld Corporation, which has been doing business under the name NWorld, has been ordered by the Securities and Exchange Commission (SEC) to stop soliciting investments from the public without the necessary license. In its order, the Commission En Banc directed AlphanetWorld to immediately c

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...

The Securities and Exchange Commission (SEC) said Thursday it has ordered AlphanetWorld Corporation, operating under the trade name NWorld, to halt its investment scheme for not having the necessary license.