CEASE AND DESIST | SEC revokes Chiyuto’s registration for ‘unauthorized’ investment scheme

The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for operating an unauthorized investment program resembling a Ponzi scheme. In its order issued on February 15, the SEC Enforcement and Investor Protection Department (EIPD) also imposed penalties worth P9 million against Chiyuto and its single […]

Please LOGIN to read more.