Dec. 2023: Binance, 3 More Entities Flagged by SEC as Illegal Investment Scheme
The SEC tagged OctaFX, Binance, Kito-Kiko Variety Shop, and House of Forex for operating in the country without proper licenses.
Is Binance Going to be Banned in the Philippines? | BitPinas Webcast 32
“But as a lawyer, I feel obliged to echo the advisory of SEC. And it should not matter whether it is a cease-and-desist order, the advisory is clear and we should take heed of that.”
Filipino Crypto Community Reacts to Binance’s Regulatory Challenges in the Philippines
Learn about the diverse reactions within the Filipino crypto community to recent SEC warnings on Binance’s unauthorized activities in the Philippines.
[Breaking News] Philippines SEC Issues Advisory Against Binance for Unauthorized Operations
This move comes just after the SEC recently said it will start naming unlicensed exchanges in its advisories going forward, as well as working with the National Telecommunications Commission (NTC) to block access to the exchanges’ websites.
SEC Exposes OCTAFX/OCTA TRADING’s Unauthorized Investment Activities in the Philippines
SEC says OctaFX is not authorized to sell or offer securities in the country.
SEC Flags Down Two Unlicensed Investment ‘Ponzi’ Schemes
Since the two entities mentioned above possess characteristics of Ponzi scheme, the regulatory agency warned the public to stop investing in them and avoid engaging others to invest in them.
[Investor Alert] SEC Warns Against Five Investing Schemes
On September 11, the Securities and Exchange Commission (SEC) released another set of advisories against entities that solicit investments from the public without being properly licensed.
SEC: 6 Convicted in Investment Scam Case
The Commission has been actively disseminating information and advisories against investment schemes to fight scammers in the country.
SEC Flags Investment Scams for SERP Worldwide and Sprhy Gold
The SEC advised the public to be wary of such investment schemes and to only invest in legitimate companies that are registered with the Commission.
SEC Flags Down Unregistered White Dragon Investment Group
SEC warns against White Dragon Investment Group’s unauthorized investment scheme and solicitation on social media.