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SEC-Davao advises timely submission of requirements for amnesty payments

The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

SEC orders Infinity8 to halt operations

The Securities and Exchange Commission has flagged another entity for soliciting investments from the public without the necessary permits.In a Jan. 16 order, the SEC en banc directed Infinity8Networks Digital Services OPC to immediately cease and desist from further engaging in the unlawful solicitation, offer, and/or sale of securities in the form of investment contracts without the necessary license from the SEC......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024

Senate panel cites Quiboloy in contempt

Senate panel cites Quiboloy in contempt.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

VG Pineda cites role of LGUs in health programs

VG Pineda cites role of LGUs in health programs.....»»

Category: newsSource:  sunstarRelated NewsJan 27th, 2024

SEC, NTC move to block OctaFX websites

The Securities and Exchange Commission (SEC) has secured the endorsement of the National Telecommunications Commission (NTC) for the blocking of the websites and apps of OctaFX......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

SEC warns public vs 2 firms

The Securities and Exchange Commission has warned the public against dealing with Robinson Company and America Mall-PH due to their unauthorized solicitation of investments without the necessary license from the commission......»»

Category: financeSource:  philstarRelated NewsFeb 10th, 2024

Marcos Jr. lauds DepEd, cites gains under Sara

Despite having the “most difficult mandate,” the Department of Education has been able to set the stage for a “modern and responsive” educational system under its current leadership, President Marcos said yesterday......»»

Category: newsSource:  philstarRelated NewsJan 25th, 2024

SEC updates and compliance for 2024

The implementing rules and regulations of the Revised Corporation Code of the Philippines that took effect on Feb. 23, 2019 has been released by the Securities and Exchange Commission through memorandum circulars......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

SEC to ban Binance app

The Securities and Exchange Commission is working to ban the Binance app following recent efforts to block its website and other web pages in the country......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

SEC wants SMEs to embrace sustainability

The Securities and Exchange Commission (SEC) wants to instill sustainability into the business practices of not only big companies but also the small and medium enterprises......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

SEC issues CDO vs bogus Ayala group

The Securities and Exchange Commission has issued a cease and desist order versus groups using the name of Ayala Corp. to illegally solicit investments......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

SEC to share data with more government agencies

The Securities and Exchange Commission (SEC) is teaming up with more government agencies to boost efforts to combat money laundering and terrorism financing......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

SEC cracks whip on bogus Ayala firms

A group posing as part of the Ayala Group and soliciting investments from the public has been ordered to stop its fraudulent operations by the Securities and Exchange Commission......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

SEC streamlines capital raising for power firms

he Securities and Exchange Commission has streamlined the registration process for capital raising of power generation companies and distribution utilities, in support of the public offering mandate stipulated in the Electric Power Industry Reform Act of 2001......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

SEC pushing through with higher filing fees

The Securities and Exchange Commission is hoping to push through with the proposed hike in charges and fees this year after it was met with opposition by business groups last year......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

US judge orders Elon Musk to testify in SEC’s Twitter probe

The US Securities and Exchange Commission is examining whether Elon Musk followed the law when filing the required paperwork about his purchases of Twitter stock, and whether his statements in relation to the deal were misleading.....»»

Category: newsSource:  rapplerRelated NewsFeb 12th, 2024

SEC issues cease and desist order against Procap

The Securities and Exchange Commission has ordered Procap to stop unauthorized solicitation activities after the company was found pursuing its illegal investment scheme to the public......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

SEC revokes registration of Cryptoasset

The Securities and Exchange Commission has punished a firm with a fine and revocation of its registration for undertaking fraudulent investment-taking activities......»»

Category: financeSource:  philstarRelated NewsFeb 4th, 2024

SEC to work with Go on capital market reforms

The Securities and Exchange Commission has vowed to work closely with Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go to push reforms that would deepen the capital market......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

SEC revokes license of lending firm

The Securities and Exchange Commission has revoked the certificate of authority of Wealth and Personal Development Lending Inc. to operate as a lending company......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024