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19/04/2012: Philippines Securities and Exchange Commission's Advisory

Philippines Security and Exchange Commission’s (SEC) Advisory

 

 

The Philippine Consulate General wishes to inform the public that the Philippines’ Securities and Exchange Commission (SEC) has issued an Advisory regarding the status of registration of the CACERES LENDING INVESTOR CORPORATION, GLOBAL MONEY UNLIMITED FUND, and CACERES GLOBAL FOUNDATION INCORPORATED.  The SEC has received reports that these entities are engaged in unauthorized lending and investment-taking activities and that they have victimized a number of Filipinos Overseas.

 

The SEC therefore advises the public that:

 

  1. The registration of Caceres Lending Investor Co. (SEC Registration No. A1999099295) has expired in 2009  and  that it has no Certificate of Authority to Operate a Lending Company pursuant to the Lending Company Regulation Act (RA 9474);
  2. Global Company Unlimited Inc. is not registered with the Commission;
  3. Caceres Global Foundation Inc. is not registered with the Commission.

           

The public is also advised not to enter into any lending or other transactions with the aforementioned entities.

 

If anyone has any information relating to the unauthorized lending activities of CACERES LENDING INVESTOR CORPORATION, GLOBAL MONEY UNLIMITED FUND, and CACERES GLOBAL FOUNDATION INC., please call the Enforcement and Prosecution Department of the Securities and Exchange Commission at telephone numbers (+632) 584.6337 and/or 584.7652 or send an email to ced@sec.gov.ph . END