The Philippine Securities and Exchange Commission has issued a cease and desist order against Fidelity Capital Investment Group (FCIG) and Yepbit Exchange PTY. Limited (YEPBIT), as well as their associated agents, solicitors, recruiters and/or brokers, citing violations of the Securities Regulation Code and other relevant rules. The order directs them to immediately stop activities the SEC characterises as unauthorized investment-taking to protect the investing public from continued risk of loss. The action followed reports and inquiries concerning FCIG’s investment-taking activities in Region 2 (Cagayan Valley), particularly in Isabela. Representatives of the entities claimed the Yepbit platform and/or FCIG was registered with the Australian Government, including the Australian Securities and Investments Commission, and circulated an alleged certificate of incorporation, but SEC records and certifications indicate FCIG, its agents, and the FCIG-YEPBIT project are not registered with the SEC Philippines and lack the secondary licences required to legally solicit or offer investments.
Philippine Securities and Exchange Commission 2026-02-02
Philippine Securities and Exchange Commission issues cease and desist order against Fidelity Capital Investment Group and Yepbit Exchange for alleged unauthorized investment-taking
The Philippine Securities and Exchange Commission issued a cease and desist order against Fidelity Capital Investment Group and Yepbit Exchange PTY. Limited for unauthorized investment activities, citing Securities Regulation Code violations. The order aims to protect the public from potential losses, as these entities falsely claimed registration with the Australian Government and lack necessary SEC Philippines registration and licenses.