In a resolution dated Dec. 3, the commission en banc affirmed the issuance of the cease and desist order against the Hasmadai Group, denying the company's motion to lift the CDO.
Through the resolution, the SEC made permanent the cease and desist order against Humanitarian and Spiritual Mission Apostulates of Davao and Asia Inc., Hasmadai Foundation Inc. and Humanitarian Institute of Technology Corp. for their unauthorized solicitation of investments.
A CDO against Hasmadai Group was issued by the SEC last May after it found the group to be soliciting investments from the public through several branches in the CARAGA Region without the necessary license from the commission.
Esta historia es de la edición December 22, 2024 de The Philippine Star.
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Esta historia es de la edición December 22, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
ART'S HEROES AND ZEROES
2024's defining moments in art and history.
FAMILY TAPESTRIES
In my senior year of college, I was assigned to read, for a memory studies class, the memoir Subversive Lives, a generational portrait of the Marcos dictatorship years written by the Quimpo siblings.
The family Christmas tradition in Baguio
Two weeks ago, our family went on our annual Christmas trip to Baguio from Dec. 12 to 15.
Ateneo Art Gallery presents PKL Prize winners and unveils return exhibition of the Ateneo Art Awards 2024
The Ateneo Art Gallery (AAG) announced this year's winning writers for the Ateneo Art Awards 2024 Purita Kalaw-Ledesma (PKL) Prizes in Art Criticism during the Awarding Ceremony held Nov. 24.
MMFF PRODUCERS HOPEFUL FOR AUDIENCE SUPPORT
EVERY YEAR, THE METRO Manila Film Festival (MMFF) provides one of the biggest platforms for Filipino films to take the spotlight. However, not all films are created equal in the eyes of cinemas and audiences.
Take it from Kim Chiu: Celebrate the small wins
Kim Chiu is known to her legion of fans and in the local tinseltown as the \"Pinoy Big Brother: Teen\" housemate and big winner, The Chinita Princess, and the Kapamilya performer and actress.
Nomura: BSP likely to deliver three rate cuts in early 2025
Bangko Sentral ng Pilipinas (BSP) likely implement a series of 25-basis-point (bps) rate cuts during its first three meetings in 2025, Nomura Global Markets Research said.
ACMobility takes over EV charger locator
The automotive unit of the Ayala Group has acquired a startup that promotes the shift to electric vehicles by pointing drivers to the nearest charging station wherever in the Philippines.
Holiday exodus
The Christmas and New Year holiday exodus out of the city began over the weekend and will likely last until the first week of January.
ADB OKs $500-M loan for employment recovery
The Asian Development Bank (ADB) has approved a $500-million loan to the Philippines to support employment recovery through skills training and prepare the workforce for changing industry needs.
