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  1. Liberty Flour Mills, headquartered in Manila, is filing a complaint regarding corporate governance issues.

SEC Issues Cease and Desist Orders Against Firms Soliciting Investments in Manila

2 reports, 1 independent Updated Oct 14
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What happened

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The Securities and Exchange Commission has issued cease and desist orders (CDOs) against three entities for allegedly engaging in illegal solicitation of investments from the public. The orders require the firms to immediately stop selling or offering unregistered securities through investment contracts and to cease their internet presence related to the transactions. The commission stated that the three entities were not registered with the SEC as a corporation or partnership and lacked the necessary licenses to deal with securities.

From philstar.com

Why it matters

Some supportBrind's analysis of the reports

The action targets firms found enticing the public with promises of high, guaranteed returns, such as the 8 to 10 percent in 30 days offered by G’s Kicks. The SEC ordered the firms to preserve all assets under their control for the benefit of the investors.

Liberty Flour Mills, headquartered in Manila, is filing a complaint regarding corporate governance issues.

From philstar.com

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  1. SEC approved amended registration statement for Tubig Pilipinas Holdings Inc.1 source
  2. SEC issues orders from Manila.1 source

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Liberty Flour Mills, headquartered in Manila, is filing a complaint regarding corporate governance issues. All 1 developments

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