SEC revokes license of Fast Coin Lending - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The Securities and Exchange Commission has revoked the certificate of authority of a lending app for non-compliance with SEC regulations, bringing to 39 the total number of lending companies with cancelled licenses due to various violations of SEC rules and regulations.
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Fast Coin Lending Corp. to operate as a lending company for inactivity and its continuous non-compliance with disclosure requirements.
In a statement, the SEC said Fast Coin has committed several violatio