Monday, November 18, 2024

Tag: Securities and Exchange Commission

Bukidnon farmers’ groups, agribiz enterprises registration facilitated

Posted on by cmn

MALAYBALAY CITY, BUKIDNON – To capacitate and enable farmers’ cooperatives, associations (FCAs), and young farmers’ agribusiness enterprises to have greater access to government support, the Department of Agriculture – Regional Field Office 10 (DA-10) helmed by Regional Executive Director Carlene C. Collado recently held a facilitation activity in the registration/certification of such individuals and groups

More than 21 attendees, comprising representatives from the FCAs, young farmers and a local government from Bukidnon province attended the activity which was facilitated by DA-10’s Agribusiness and Marketing Assistance Division (AMAD).

The activity aims to provide guidance on the legality of running a business to ensure adherence to applicable laws and regulations, optimize administrative procedures, and enhance the capacity of these individuals and groups.

Different partner agencies were invited to discuss, including the Securities and Exchange Commission (SEC), which laid out the specifics of whether said agri enterprises wish to register as a partnership or corporation, and the Cooperative Development Authority (CDA) for those applicants who wish to be registered as a cooperative.

Also present were representatives from the Department of Trade and Industry (DTI) and Food and Drug Administration (FDA), who discussed the importance and requirements for the registration of one’s Business Name and Product Packaging and Labeling as well as Certificate of Product Registry and Good Manufacturing Practices for Food Operators, respectively.

For DA-10’s part, the requisites for enrollment into the Registry System for Basic Sectors in Agriculture (RSBSA), Farmers and Fisherfolk Enterprise Development Information System (FFEDIS), and Civil Society Organization (CSO) accreditation were tackled.

Such information will enable the participants to maximize the agency’s diverse interventions and services while also playing a pivotal role as collaborative development partners with the department in executing agricultural and fisheries projects.

Capping off the activity, DA-10 AMAD Assistant Division chief Ferdinand F. Caraballe encouraged the participants to have their agri enterprises accredited by the government for them to be eligible for more agri-fishery support that they can capitalize on in the future. (DA RFO-10)

SEC warns public vs investment scams

Posted on by cmn

CAGAYAN DE ORO CITY (May 15) – The Securities and Exchange Commission (SEC) –Cagayan de Oro Extension Office has released 28 advisories against entities dealing with fraudulent activities. In its continuous efforts in investigating possible investment scams, the Commission warns the public not to fall prey to these investment scams.

Since the start of the year 2021, the Commission was able to identify 28 entities already with malicious business transactions found to be soliciting investments from the public without the appropriate certificate of registration to sell securities.

The following are the entities or corporations which were issued with advisories, and the public is advised to avoid dealing with the following: Masa Mart Business OPC, iWATCH.ph Corporation, Mers Business Center, Seven Stag International OPC, Royal O Financial Consultancy Services, RGS World Marketing Corp., Bitaccelerate / Bitaccelerateproject.com, Yumboss Corporation, Bitexpress Security and Commodity Contracts Brokerage, Philhelp Administration of Financial Marketing, Solmax Global Limited and Igniter 100, Jamsmart, Royal O Consultancy Services OPC, Tradexpert/Tradexpert Technology Information Services, IX Trade / IXTrade, Align Assets, Wonkacash / Wonka Cash App Financial Consultancy Services, R.L. Aggregates and Diversified Lending Group Inc., Learn and Earn Online, 247 Cryptotrading FX Cryptotrade Online, Investrade Marketing / Investrade Digital Marketing Services, Beyond Generations Digital Marketing Services, Cash FX / Cash FX Group / CFX, Big Dreams International and BDI Product Trading OPC, Doors Opportunity Online (DOO) / Door Opportunity Digital Marketing Services, JP Company Online Shop / JP Company, Hedge Trading, Infinity Payb / Payb Bills Payment and Remittance Center and Coco-J Funds Corp. and Coco-J Funds Digital Marketing Services.

“These scammers will not consider our situation in which [we are coping with the pandemic]. They continue to proliferate at any cost and in all circumstances. That’s why, we at the Commission continue to regulate and remind the public to be careful before placing their investments to these various entities who are not authorized to solicit (investments) from the public,” Atty. Frederick A. Enopia, Officer-in-Charge of SEC-CDOEO said in a statement.

The public is advised to be careful when being offered with unreasonable high returns of promises in the form of profits. Also, all interested investors should always check for the secondary license to ensure they are not being victimized by these fraudulent activities.

The Commission also encourages the investing public to report to the Enforcement and Investor Protection Department if they have observed some malicious activities such as unauthorized solicitation of investments in their respective areas through this email address: [email protected]. They may also seek assistance from the Extension Office for the formal submission of their complaints.