The Philippine SEC ordered Riscoin and its affiliated entities to stop soliciting investments after regulators flagged the crypto copy-trading operation for selling unregistered securities nationwide.
The Philippine SEC ordered BG Wealth Sharing Ltd. and founder Stephen Beard to stop offering unregistered crypto investments after regulators linked the platform to alleged financial fraud and frozen withdrawals.
The regulator stated that HTX allows users to open accounts, deposit funds, and trade digital assets and derivatives through its web portal and mobile applications on Google Play and Apple App Store.
A regulator-informed and community-driven watchlist that tracks high-risk investment schemes, SEC advisories, and red flags to help Filipinos avoid financial scams. Beginning in 2026.
Despite its U.S. registration, the SEC said the entity is not registered in the Philippines and does not hold the secondary license required to offer or sell securities locally.
The Philippine SEC has flagged BG Wealth Sharing Ltd. for operating an unauthorized investment scheme that promises 1.3% daily returns, labeling the entity a fraudulent Ponzi scheme.
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The SEC has warned that Interactive Brokers/IBKR is not registered or licensed to offer trading services in the Philippines, and that promoting the platform may lead to criminal penalties.
The firm allegedly promised 10% monthly returns via social media while lacking SEC approval, triggering cybercrime-enhanced charges for unregistered securities sales.
The SEC has declared Valtoro Spartan’s DeFi investment platform illegal, citing its outrageous return promises and multi-level referral system as violations of Philippine law.
The Commission identified the group operating under various names, including LS KBS Crypto Trading, KBSEX Exchange, and LS Crypto Currency Humanitarian Org. Cebu, among others.
