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SEC fines lending firm P2M, warns vs. dollar investment scam

DAVAO CITY The Securities and Exchange Commission (SEC) has revoked the certificate of authority (CA) of a lending company and warned the public on a dollar investment scheme. Besides revoking its license, the SEC also fined P2 million the Wealth and Personal Development Lending, Inc. and its officers for repeated failure…

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SEC revokes license of lending firm

SEC revokes license of lending firm
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Online lending worse than 5-6 — Daily Tribune

Online lending worse than 5-6 — Daily Tribune
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SEC revokes license of Populus Lending

DAVAO CITY The Securities and Exchange Commission (SEC) announced it revoked with finality the certificate of authority of Populus Lending Corp. for alleged unlawful debt collection practices and issuing threats and public shaming of clients who fail to settle their debts on time. The SEC also said the lending firm failed…

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SEC: Court convicts lending firm officers

The Securities and Exchange Commission (SEC) has secured the conviction of eight officers of lending company Phil86 Gurunanak Lending and Trading Corp. for submitting falsified documents for their company’s registration. In a decision dated July 4, the Pasay City Regional Trial Court Branch 112 found Nicanor Borong, Nelson Henson, Irene…

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