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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-related tactics and schemes to trick you into giving digital currencies or cash.
January 14, 2021 | 12:05 am Font Size
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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 registrations with the SEC and the Department of Trade and Industry (DTI) as a one-person corporation, but need a different license to solicit investments.
First crowdfunding portal in PH gets SEC approval
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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 SEC of the actual operation of the crowdfunding portal during the first 11 months for possible extension.
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 operation of the crowdfunding portal during the first 11 months for possible extension.
BusinessWorld
January 8, 2021 | 7:23 pm
Ayala-led AC Energy Philippines, Inc. has moved the rights offer period for its stocks to this month, saying it deemed the earlier date to be “prudent” since its existing regulatory approval requires a January 2021 completion.
In a regulatory filing on Friday, the listed energy company said it would open its stock rights offering (SRO) on Jan. 18 until 22, from the first work week of February previously.
The move comes as the company announced that it had obtained approval from the Securities and Exchange Commission (SEC) on Jan. 5 to change its name to AC Energy Corp.
AC Energy is offering 2.27 billion common shares at an offer price of P2.37 apiece. The offering would consist of two rounds to be followed by a domestic institutional offer.