SEC: Stiffer fines for local firms with reporting lapses
The Securities and Exchange Commission will start imposing on April 1 higher fines and penalties for the late and non-filing of reportorial requirements by corporations.
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The Securities and Exchange Commission will start imposing on April 1 higher fines and penalties for the late and non-filing of reportorial requirements by corporations.
Businessman Leandro Antonio L. Leviste has become the largest individual shareholder of sugar firm Roxas and Co. Inc. (RCI).
THE Securities and Exchange Commission (SEC) filed criminal charges before the Department of Justice (DOJ) against oil industry player PetroMobil Corporation and its officers for alleged violation of the provisions of the Securities Regulation Code, Republic Act No. 10175 (Cybercrime Prevention Act), and Republic Act No. 9060 (Anti-Money Laundering Act).
THE Securities and Exchange Commission (SEC) has released the implementing rules and regulations of Republic Act 11765, or the Financial Products and Services Consumer Protection Act, which seeks to have stronger regulation and enforcement against investment frauds and abuses.
DAVAO CITY—The Securities and Exchange Commission (SEC) is doing the rounds among communities here to heighten the awareness of residents against fake investment offers reportedly being peddled by some unscrupulous individuals.
Fynamics Lending Inc., the company behind PondoPeso, praised the Securities and Exchange Commission (SEC) for the recent shutdown of online lenders that have been operating without the necessary licenses.
Regulator misconduct made possible a corporate event effectively allowing one of two disputants to prevail and cause serious financial harm over the other, an aggrieved party told the Ombudsman.
ABOITIZ Power Corp. will initially offer within the year P3 billion of the proposed P30-billion retail bonds.
THE Securities and Exchange Commission (SEC) on Thursday said it suspended the primary license of 84 lending companies that failed to obtain a secondary license, or a Certificate of Authority, to operate as a lending company.
The Securities and Exchange Commission (SEC) has approved the P30-billion shelf registration program of property developer Megaworld Corp., some P12 billion of which will be sold to the market immediately.
NEW regulations outlawing lending by individual persons and requiring that all such entities register themselves as lending companies resulted in the enlistment of some 200 informal lenders with the Securities and Exchange Commission (SEC).
THE Securities and Exchange Commission (SEC) said it is giving the Philippine Stock Exchange (PSE), the operator of the country’s lone equities-trading market, until November 15 next year to reduce the ownership of stockbrokers in the bourse to 20 percent as a prerequisite to the planned merger with the fixed-income exchange.
OFFICIALS of the Securities and Exchange Commission (SEC) also listen to reason. For about four years, the commission has been reviewing the registration of new companies with capitalization of P500 million or more, and the application for approval of existing companies for capital increase of the same amount.
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