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The Securities and Exchange Commission (SEC) has barred Chiyuto Creative Wealth Documentation Facilitation Services from soliciting investments from the public through a double-your-money roulette game. In an order issued on Feb. 1, the Commission directed Chiyuto, which registered as a sole proprietorship and later on as a one-person corporation (OPC), to cease and desist, under pain of contempt, from selling and/or offering securities in the form of investment contracts until it has filed and secured the necessary license. The SEC further enjoined Chiyuto and Creative Wealth OPC from transa...

endIndex: Metro Manila (CNN Philippines) — The pandemic has added another opportunity for fraudsters. Exploiting our human nature to help those in need, as well as our hopes to augment our income, scammers do not take a break in targeting vulnerable victims. Charity fraud in-game streaming The rise of video game streaming in the last several years has opened up a new avenue for philanthropy for victims of volcanic eruption, earthquakes, typhoons, and pandemic-related job losses in the country. But due to a lack of guidelines on these streaming platforms, fraudsters are now using charity-re...

January 14, 2021 | 12:05 am Font Size AAA THE Securities and Exchange Commission (SEC) has advised the public not to invest or stop investing in any scheme offered by Masa Mart Business Center after it has solicited investments without proper registration. In an advisory posted on its website, the SEC said Masa Mart and its other entities such as Masa Mart Business Center OPC and Masa Mart Enterprise OPC are not authorized to solicit investments since they have not secured the necessary approval from the government. The corporate regulator said Masa Mart and its entities have registr...

First crowdfunding portal in PH gets SEC approval Share on email The Securities and Exchange Commission (SEC) has allowed Investree Philippines Inc. to operate a crowdfunding platform that will connect small, medium, and emerging enterprises with banks and other lenders. In its December 22, 2020 meeting, the SEC approved the application of Investree to operate as a funding portal and act as a crowdfunding intermediary, subject to compliance with certain conditions. The registration of Investree as crowdfunding intermediary and funding portal is valid for one year, subject to a review by the S...

PASIG CITY, Jan 9 -- The Securities and Exchange Commission (SEC) has allowed Investree Philippines, Inc. to operate a crowdfunding platform that will connect small, medium and emerging enterprises with banks and other lenders. In its December 22, 2020 meeting, the Commission En Banc approved the application of Investree to operate as a funding portal and act as a crowdfunding intermediary, subject to its compliance with certain conditions. The registration of Investree as crowdfunding intermediary and funding portal shall be valid for one year, subject to a review by the SEC of the actual...