The Philippine Securities and Exchange Commission issued a cease and desist order against an entity unlawfully using the corporate name of Una Amigo Lending Corporation to conduct and promote lending activities without the required SEC registration. Under an order dated 1 August, the SEC Financing and Lending Companies Department directed the entity to immediately stop engaging in, promoting, or facilitating any lending-related activity and to cease misrepresenting itself as Una Amigo Lending. The action followed a complaint by Una Amigo Lending, a duly registered lending company, alleging the entity used an unauthorized website, a fake SEC registration document, and other materials including a fake logo, identification cards, and an office setup.
Philippine Securities and Exchange Commission 2025-08-11
Philippine Securities and Exchange Commission issues cease and desist order against entity posing as Una Amigo Lending for unauthorized lending
The Philippine SEC issued a cease and desist order against an entity unlawfully using Una Amigo Lending Corporation's name for unregistered lending activities. The SEC directed the entity to stop all lending-related activities and misrepresentation following a complaint by Una Amigo Lending. The entity allegedly used unauthorized materials, including a fake website, SEC registration document, logo, identification cards, and office setup.