Published May 18, 2021, 3:46 PM
The Securities and Exchange Commission (SEC) has given investment companies, brokers, dealers and other covered capital market participants an overall “medium” risk rating.
This is the result of its money laundering (ML) and terrorist financing (TF) risk assessment of the securities sector the commission released recently.
The rating is based on the 2021 Sectoral Risk Assessment for the Securities Sector, conducted by the SEC with technical assistance from the Asian Development Bank.
The assessment covered all of the 304 brokers, dealers, investment houses, underwriters of securities, government securities eligible dealers (GESDs), investment company advisers, mutual fund distributors and investment companies under the supervision of the SEC.
Philippine securities sector has ‘medium’ risk to money laundering, terrorist financing SEC By TED CORDERO, GMA News
Published May 18, 2021 12:48pm The Securities and Exchange Commission (SEC) said Tuesday it has released the results of its money laundering (ML) and terrorist financing (TF) risk assessment of the country’s securities sector. In its assessment, the corporate regulator gave investment companies, brokers, dealers, and other covered capital market participants an overall “medium” risk rating. The rating is based on the 2021 Sectoral Risk Assessment for the Securities Sector, conducted by the SEC with technical assistance from the Asian Development Bank, the SEC said in a statement.
SEC-Davao warns vs investing in KAPA-linked MERâS Business CenterÂ
May 9, 2021 | 7:52 pm
SEC PHOTO RELEASE
THE SECURITIES and Exchange Commissionâs (SEC) Davao office has issued a public warning against putting money into or acting as coordinator for MERâS Business Center, which does not have a permit for investment operations.
In an advisory issued over the weekend, the agency said MERâS is not registered as a corporation or partnership, much less holds a license to sell securities.
âAn investment scheme is illegal when entities or individuals are taking in investments from the public without a secondary license or license to sell securities from the Commission,â it said.
BusinessWorld
May 3, 2021 | 12:06 am
THE Securities and Exchange Commission (SEC) has issued an advisory against JPCompany Online Shop for collecting investments from the public without registering with the regulator and without securing the proper license.
JPCompany Online Shop or JP Company is said to be headed by a certain John Paul Acuzar Chan.
The SEC noted that the entity has acquired a certificate of business name registration in January from the Department of Trade and Industry (DTI) under business name number 2515205.
Its DTI registration is under the name of Mr. Chan with a limited scope within Brgy. Bangkal in Makati City.
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