SEC Addresses Neri Naig Case SEC – The Securities and Exchange Commission clarified on Thursday that actress and entrepreneur Neri Naig is facing charges of estafa and violating the Securities Regulation Code (SRC) for allegedly persuading individuals to invest in a skincare company that lacked the necessary authorization to solicit investments. SEC Director Filbert Catalino … Read more
Content Creator archielim.eth: “I think may kinalaman ang politics dito kung bakit bina-ban nila ang Binance.” CONTENT CREATOR – Content creator archielim.eth claimed that the politics in the Philippines has something to do with why the Securities and Exchange Commission (SEC) has issued an advisory against Binance. To recall, the Commission has issued an advisory … Read more
SEC: “BINANCE is NOT AUTHORIZED TO SELL or OFFER SECURITIES to the public in the Philippines.” SEC – The Securities and Exchange Commission has issued an advisory against online cryptocurrency exchange Binance for unauthorized operations in the Philippines. In its advisory, the Commission informed the public that Binance is not authorized to sell or offer … Read more
GCash: “We can empower Filipinos from all walks of life and give them the opportunity to grow their wealth” GCASH – The financial technology (fintech) company announced on Monday that it scored the approval of the Securities and Exchange Commission (SEC) to publicly launch GStocks PH. The fintech company has introduced its online trading services … Read more
President Bongbong Marcos: “When you get a message and there is a deal being presented and it sounds too good to be true, it is.” PRESIDENT BONGBONG MARCOS – The President warned the public against “too good to be true” deals and online scams. President Ferdinand Marcos Jr. attended the 85th Anniversary of the Securities … Read more
ARTA denied LYKA’s appeal for an automatic SEC registration ARTA – The Anti-Red Tape Authority turned down the request of social media app LYKA for the automatic approval of its application for company registration with the Securities and Exchange Commission (SEC). ARTA said in a notice of denial that the anti-red tape body denied the … Read more
Nico David: “Tutulungan namin yung SEC na mahanap kayo (streamers)” NICO DAVID – The content creator went live on his YouTube channel as he featured streamers who promoted the Lele Gold Farm game. Before going live on his YouTube channel, Nico posted on his Facebook account where he gave his reaction after reading the SEC … Read more
SEC: “The scheme employed by LELE GOLD FARM/LELE GOLD COIN/GOLD FARM has the characteristics of a Ponzi Scheme’” SEC – The Securities and Exchange Commission has advised the public not to invest in Lele Gold Farm (or Lele Gold Coin or Gold Farm). SEC announced last January 13 that the Commission has issued an advisory … Read more
SEC: “Hence, the public is advised NOT TO INVEST or STOP INVESTING in Lodicoins and Lodi Technologies Incorporated’s investment-taking scheme“ SEC — The Securities and Exchange Commission recently issued an advisory telling the public not to invest in LodiCoin. According to SEC, the said advisory is prompted by several reports received by the Commission on … Read more
BSP and SEC are seeking clearer regulations on digital assets BSP and SEC — The Bangko Sentral ng Pilipinas and the Securities and Exchange Commission are seeking clearer regulations on digital assets in order to protect consumers. This was raised during a meeting with the Senate Committee on Banks, Financial Institutions and Currencies as lawmakers, … Read more