The Philippine Securities and Exchange Commission revoked the corporate registration of MCM Royalty Legacy International Inc. after finding that it solicited public investments and offered unregistered securities without the required authority. The company and its president, officers and directors were directed to pay a PHP 1 million fine, while its officials were disqualified from serving as corporate directors for five years from the issuance of the order. The company sold investment contracts structured as franchise agreements for several purported businesses and promised guaranteed profits based on selected packages. The SEC found that these activities were outside the powers granted by the company’s articles of incorporation and considered the scheme fraudulent because it resembled a Ponzi scheme in which returns to earlier investors were funded by later contributions.
2026-03-06Philippine Securities and Exchange Commission
Philippine Securities and Exchange Commission revokes MCM Royalty Legacy registration over unauthorized investment solicitation
The Philippine Securities and Exchange Commission revoked MCM Royalty Legacy International’s registration for unauthorized public investment solicitation and unregistered securities offerings. The company and its officials face a PHP 1 million fine, while the officials were barred from serving as corporate directors for five years.