Securities and Exchange Commission - updates

Rappler's latest stories on Securities and Exchange Commission

ARTICLE FINDER

SEC approves Fruitas stock market debut

Oct 17, 2019 - 8:10 PM

Fruitas aims to raise some P1.2 billion to fund its expansion plans

U.S. SEC charges Nissan, ex-CEO Ghosn with hiding $140 million from investors

Sep 24, 2019 - 12:12 AM

Former CEO Carlos Ghosn will pay $1 million in fines to settle the matter without admitting wrongdoing, and will be barred from serving as a corporate executive for 10 years. Nissan will pay a $15 million fine.

CARLOS GHOSN. Former Nissan chairman Carlos Ghosn (C) is escorted as he walks out of the Tokyo Detention House following his release on bail in Tokyo on April 25, 2019. File photo by Behrouz Mehri/AFP

[OPINION | Point of Law] Cutting the Philippines off from the rest of world!

Sep 16, 2019 - 5:30 PM

A liberal outlook in dealing with online platforms will certainly have basis in law. Otherwise, we stand the risk of spiraling down a dangerous path of isolation from the rest of world.

SEC approves stock market debut of Manny Villar's AllHome

Aug 19, 2019 - 6:25 PM

The Securities and Exchange Commission approves the planned initial public offering of Manny Villar's AllHome and coconut product manufacturer Axelum Resources

SEC warns public vs Scentko perfume scam

Jul 31, 2019 - 7:20 PM

Scentko promises customers a whopping 400% return if they buy the company's perfume, but it is not authorized to engage in investment activities

SEC shuts down 836 illegal lenders

Jul 24, 2019 - 3:40 PM

Any person who engages in lending without having the necessary documents will face a fine ranging from P10,000 to P50,000 and/or imprisonment of 6 months to 10 years

Davao court issues hold departure order vs Kapa officers

Jul 01, 2019 - 7:36 PM

A new rule allows the justice department to apply for a precautionary hold departure order despite the fact that no charge has been filed yet against Kapa-Community Ministry International

KAPA. Pastor Joel Apolinario prays over some 50,000 members of Kapa-Community International Ministry in a rally in General Santos City on June 13, 2019. File photo by Bobby Lagsa/Rappler

Kapa officers face criminal complaints at DOJ

Jun 18, 2019 - 4:36 PM

The Securities and Exchange Commission files complaints against Kapa Community Ministry International officers over their 'illegal' investment scheme

Atty. Jose Aquino of the Securities and Exchange Commission (SEC) arrives at the Department of Justice (DOJ) in Manila on 18 June 2019. They file a criminal complaint against KAPA-Community Ministry International Inc. over its alleged involvement in a investment scam. Photo by Lito Borras/Rappler

SEC secures over P100 million of Kapa Ministry's assets

Jun 16, 2019 - 5:01 PM

'Kapa amassed wealth through an investment scam, in the guise of religion and at the expense of the investing public,' says Securities and Exchange Commission Chairperson Emilio Aquino

CRACKDOWN. The SEC says over P100 million worth of assets linked to Kapa Ministry have been secured as of June 16, 2109. Logo from Kapa's Facebook page

SEC intensifies crackdown vs investment scams

Jun 11, 2019 - 8:35 PM

The Securities and Exchange Commission taps law enforcement agencies to carry out 24 raids in two days against companies involved in investment scams

Court freezes Kapa-Community Ministry's assets over Ponzi scheme

Jun 10, 2019 - 5:10 PM

The Securities and Exchange Commission calls Kapa-Community Ministry's scheme the largest investment scam in recent Philippine history

Rappler on Court of Appeals ruling: SEC must review order

Mar 11, 2019 - 4:35 PM

Rappler trusts that the rule of law will be followed, after the Court of Appeals reiterated that the Securities and Exchange Commission must review its order revoking Rappler's registration

Photo by Charles Salazar/Rappler

Court of Appeals denies Rappler appeal in SEC case

Mar 11, 2019 - 9:06 AM

The court stands by its previous ruling ordering the Securities and Exchange Commission to review its closure order vs Rappler

DENIED. The Court of Appeals denies Rappler's motion for partial reconsideration on its foreign control issues. Photo by Charles Salazar/Rappler

U.S. financial regulatory agency says Musk violated deal

Feb 26, 2019 - 12:38 PM

According to the SEC, a tweet from Musk on Tesla's 2019 production levels violates the deal, under which his tweets had to be reviewed prior to being published

ELON MUSK. In this file photo taken on December 18, 2018 Elon Musk, co-founder and chief executive officer of Tesla Inc., speaks during an unveiling event for the Boring Company Hawthorne test tunnel in Hawthorne, south of Los Angeles, California. File photo by Robyn Beck/AFP

'Chilling effect': Groups slam new SEC guidelines for nonprofits

Feb 09, 2019 - 6:48 PM

'While the provisions of this memorandum circular are seemingly neutral, we know very well that these types of regulation are in actuality...directed for political and religious outliers,' says Pacifico Agabin, former dean of the UP College of Law

Tesla names 2 directors as part of Elon Musk U.S. fraud settlement

Dec 28, 2018 - 11:48 PM

Tesla taps Oracle co-founder Larry Ellison and Walgreens Boots Alliance Executive Vice President Kathleen Wilson-Thompson for its board of directors

EXPLAINER: 'Dealer in securities' ba ang Rappler? At iba pang mga tanong

Dec 14, 2018 - 10:53 PM

Ano ang ibig sabihin ng 'dealer in securities' at bakit hindi kabilang dito ang Rappler?

Tesla CEO Elon Musk taunts U.S. financial regulatory agency

Dec 10, 2018 - 10:34 AM

'I want to be clear. I do not respect the SEC – I do not respect them,' he said in an interview on the CBS network news program '60 Minutes'

ELON MUSK. Tesla Motors CEO Elon Musk speaks at a press conference during the 67th International Astronautical Congress in Guadalajara, Mexico on September 27, 2016. File photo by Hector Guerrero/AFP

Elon Musk to resign as chair of Tesla board but remain CEO

Sep 30, 2018 - 5:50 PM

Musk will also pay a $20-million fine as part of settlements stemming from his alleged securities fraud

AIMING HIGH. Elon Musk speaks about the '€œInterplanetary Transport System'€ which aims to reach Mars with the first human crew in history, during the 67th International Astronautical Congress in Guadalajara, Mexico on September 27, 2016. File photo by Hector Guerrero/AFP

Rappler asks CA to revoke SEC shutdown order

Aug 17, 2018 - 9:59 PM

(UPDATED) In a partial motion for reconsideration, Rappler also asks the Court of Appeals to annul the SEC decision that says Rappler is not 100% Filipino-owned

CA affirms decision clearing Roberto Ongpin of insider trading

Aug 02, 2018 - 10:27 PM

The five-page resolution of the Court of Appeals denies a motion for reconsideration filed by the Securities and Exchange Commission's (SEC) Enforcement and Investor Protection Department

ROBERTO ONGPIN. The Court of Appeals affirms an earlier decision clearing Roberto Ongpin of insider trading. Rappler File photo

What you should know about the Court of Appeals decision on Rappler

Jul 28, 2018 - 12:32 PM

Did the court agree with Rappler that it was wrong for the Securities and Exchange Commission to order the revocation of its license?

Photo by Charles Salazar/Rappler

Rappler CA decision, Arroyo on elections, Gilas update | Evening wRap

Jul 27, 2018 - 9:30 PM

Watch Rappler’s evening newscast with Ralf Rivas

Business as usual for Rappler, CA urges review of shutdown order

Jul 27, 2018 - 1:05 PM

These are the highlights of the 72-page Court of Appeals decision involving Rappler and the Securities and Exchange Commission

Rappler: Court of Appeals says license revocation is wrong

Jul 27, 2018 - 12:25 PM

Rappler's Maria Ressa says: 'We hoped for the best decision, as Rappler is – on paper and in reality – a completely Fiipino-owned company'

PSE to launch short selling

Jun 25, 2018 - 7:13 AM

Philippine Stock Exchange president and CEO Ramon Monzon is confident short selling will 'help improve liquidity in our market'

#ThewRap: Things you need to know, June 7, 2018

Jun 07, 2018 - 12:42 PM

Hello! Here are the stories you shouldn't miss this Thursday

CLEVELAND, OH - JUNE 06: Stephen Curry #30 of the Golden State Warriors drives up the court defended by George Hill #3 of the Cleveland Cavaliers in the third quarter during Game Three of the 2018 NBA Finals at Quicken Loans Arena on June 6, 2018 in Cleveland, Ohio. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Jamie Sabau/Getty Images/AFP

Duterte appoints Emilio Aquino as SEC chairperson

Jun 07, 2018 - 9:21 AM

This comes as no surprise, as Aquino is the first SEC commissioner appointed by President Rodrigo Duterte

NEW CHAIRPERSON. President Rodrigo Duterte appoints Emilio Aquino as new chairperson of the Securities and Exchange Commission. File photo by Chris Schnabel/Rappler

SEC approves planned IPO of Del Monte Philippines

May 24, 2018 - 6:00 PM

The local unit of Del Monte Pacific Limited plans to sell 587.437 million secondary shares at an offer price of up to P29.88 per share

SEC approves planned IPO of DM Wenceslao

May 15, 2018 - 7:55 PM

The construction firm will offer 679.2 million common shares at an offer price of P22.90 per share

ASEANA CITY. The 204-hectare project of DM Wenceslao is a home to several entertainment, commercial, and residential establishments. Photo from www.dmwai.com

SEC warns public not to invest in OneCash, PBB150

Mar 15, 2018 - 3:55 PM

The Securities and Exchange Commission receives reports that OneCash Trading and PBB150 Trading are enticing the public to invest, but these two companies are unregistered

#ThewRap: Videos to watch this week, February 26 - March 4, 2017

Mar 04, 2018 - 11:49 AM

Must-watch videos from this week

Duterte on Benham Rise, Duterte on Rappler, PH-Kuwait bilateral meeting | Midday wRap

Mar 02, 2018 - 12:39 PM

Watch the midday newscast with Marguerite de Leon

SEC 'internally studying' Omidyar's $1.5-M PDR donation to Rappler

Mar 01, 2018 - 8:26 PM

The country's corporate regulator says any action on Omidyar's donation to Rappler 'must be coursed through the honorable court through an appropriate pleading or manifestation'

DEVELOPMENT. SEC says the ball is now on the Court of Appeal's court. A workshop on August 28, 2016 at the Rappler headquarters in Pasig City. Photo by LeAnne Jazul/Rappler

Cha-Cha proposal, Omidyar donates PDRs, DOLE eyes Middle East deployment ban | Evening wRap

Feb 28, 2018 - 9:51 PM

Watch the evening newscast with Marguerite de Leon

Leave Rappler unhindered, lawyer says after Omidyar donation

Feb 28, 2018 - 8:54 PM

(UPDATED) 'While not legally necessary, the donation puts beyond doubt that Rappler is owned and controlled by Filipinos,' says Rappler lawyer Francis Lim

OMIDYAR DONATION. Philanthropic investment firm Omidyar Network donates its Philippine Depositary Receipts to Rappler. File photo by Charles Salazar/Rappler

Omidyar Network donates PDRs to Rappler managers

Feb 28, 2018 - 2:54 PM

(UPDATED) 'This donation completely eliminates the sole basis of the SEC ruling against Rappler Incorporated and Rappler Holdings Corporation,' says Omidyar Network

SEC ISSUE. Rappler, led by CEO Maria Ressa, thanks Omidyar Network for donating its Philippine Depositary Receipts to the social news network as announced on February 28, 2018. File photo by AFP

Herbosa: SEC ruling not final but it's Malacañang's call to ban Rappler

Feb 23, 2018 - 10:22 PM

'We will not implement [the SEC ruling] until after the final and binding decision of the Court of Appeals or the Supreme Court,' says Securities and Exchange Commission chairperson Teresita Herbosa

SEC CHIEF. Securities and Exchange Commission Teresita Herbosa attends a Senate hearing on February 12, 2018. Photo by Angie de Silva/Rappler

Duterte on Malacañang ban, Alvarez on Sara Duterte, New charges vs Manafort | Midday wRap

Feb 23, 2018 - 1:33 PM

Watch the midday newscast with Mara Cepeda

Duterte to lift ban on Rappler if SEC ruling overturned

Feb 22, 2018 - 5:28 PM

President Rodrigo Duterte also revives his old claim that Rappler is 'CIA-sponsored'

Medialdea on Rappler, PSG Commander on Ranada, Worldwide Threat Assessment | Midday wRap

Feb 21, 2018 - 12:44 PM

Watch the midday newscast with Marguerite de Leon

Duterte bans Rappler in Malacañang, Duterte on PH-China, MRT3 glitch | Evening wRap

Feb 20, 2018 - 7:28 PM

Watch the evening newscast with Marguerite de Leon

[OPINION] Hold the line for whom?

Feb 11, 2018 - 9:00 AM

Crossing the line is an experiment. It shows us what happens when the nation's sacred cows are shamed, and what happens when the Duterte regime raises sacred cows of their own.

#ThewRap: Videos you need to watch this week, January 29-February 3, 2018

Feb 04, 2018 - 9:50 AM

Must-watch videos this week

Atom Araullo speaks up on press freedom

Feb 03, 2018 - 1:46 PM

'I think a crucial element of any healthy democracy is a healthy press and free press,' journalist Atom Araullo says

DOH on Dengvaxia deaths, Pimentel on Cha-Cha, LTFRB on new ride-hailing applications | Evening wRap

Feb 02, 2018 - 8:24 PM

Watch the evening newscast with Mara Cepeda

SEC Commissioner resignation, SC on anomalous PNP chopper deal, Cuba protest vs US | Midday wRap

Feb 02, 2018 - 1:32 PM

Watch the midday newscast with Bea Cupin

EXCLUSIVE: Viterbo resigns as SEC commissioner

Feb 02, 2018 - 10:07 AM

SEC Commissioner Blas James Viterbo, whose term ends in 2021, has tendered his resignation due to 'health reasons'

Malacanang on Carandang, Rule of Law Index, Nieman Fellows on SEC ruling | Midday wRap

Feb 01, 2018 - 12:38 PM

Watch Rappler's midday newscast

2018 Nieman Fellows condemn SEC order vs Rappler

Feb 01, 2018 - 10:10 AM

The Nieman class of 2018 urges the Philippine government and President Rodrigo Duterte to 'respect media freedoms and independence'

'STAND WITH RAPPLER.' The 2018 class of fellows at Harvard University’s Nieman Foundation for Journalism issues a statement condemning the decision of the Securities and Exchange Commission to revoke Rappler's license to operate. File photo from the Nieman Foundation website