THE Securities and Exchange Commission in separate advisories warned the public against the investment-taking activities of six entities that are not registered as a corporation or a partnership.
PPG Investment is not registered with the commission and operates without the necessary license, the regulator said. In another advisory, the SEC warned the public against BlackRock, which it found to have been recruiting investors with a promised earning from “crude oil energy.” All three entities, according to the SEC, are under Jeiel Jephone Ofreneo Canlas, who also goes by the name Japhon Canlas.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC revokes license of Fast Coin Lending - BusinessWorld OnlineTHE Securities and Exchange Commission (SEC) revoked the business registration of Fast Coin Lending Corp. for not complying with regulator-imposed rules. In a press release on Wednesday, the commission said that the company was found to have “committed several violations of SEC Memorandum Circular No. 19, Series of 2019 (SEC MC 19).” SEC MC 19 […]
Source: bworldph - 🏆 9. / 68 Read more »
SEC revokes Fast Coin lending license, corporate registrationThe Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Fast Coin Lending Corp. to operate as a lending company for its continuous non-compliance with SEC Memo…
Source: EdgeDavao - 🏆 23. / 51 Read more »
Financial consumer protection rules to cover crypto scamsThe SEC has issued the draft rules of a new consumer protection law that would give regulators more teeth in going after perpetrators of financial crimes while recognizing cryptocurrencies as “securities” that would also fall under their ambit.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
SEC getting more teeth vs crypto, online scammersThe SEC has published the Implementing Rules and Regulations (IRR) of Republic Act No. 11765, the Financial Products and Services Consumer Protection Act (FCPA), which covers digital products and cryptocurrencies.
Source: manilabulletin - 🏆 25. / 51 Read more »
Draft FCP Act IRR includes cryptos, disgorgement | VG CabuagTHE Securities and Exchange Commission has released the draft implementing rules and regulations for public comment on the Financial Products and Services Consumer Protection Act (FCPA). The draft IRR will operationalize the newly-signed law that aims to protect the interests of financial consumers by strengthening the country’s financial regulators by…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Cellphones allegedly smuggled inside Cebu City Jail for a price, says ex-inmateAn investigation is underway at the Cebu City Jail male dormitory due to anomalies allegedly committed by some jail personnel including smuggling cellphones in exchange for cash.
Source: gmanews - 🏆 11. / 68 Read more »