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                    [ArticleID] => 326149
                    [Title] => SEC probes 15 foundations for possible fraud
                    [Summary] => The Securities and Exchange Commission (SEC) is investigating around 15 foundations for possible fraud and non-submission of reportorial requirements in violation of the Securities Regulation Code (SRC), according to an SEC official.


However, Hubert Guevara, head of the SEC’s Compliance and Enforcement Department, refused to identify these foundations, but said some are owned by well-known personalities.


Guevara said some foundations use the name of politicians to get on with their illegal solicitation activities.


                    [DatePublished] => 2006-03-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
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                    [ArticleID] => 290737
                    [Title] => SEC to crack down on phony foundations
                    [Summary] => The Securities and Exchange Commission (SEC) is drafting new  rules to stop fraudulent fundraising schemes and help donors  avoid scam artists and phony charities that prey on  people’s generosity.  


Hubert Guevara, head of the SEC’s Compliance  and Enforcement Department, said the agency is tightening  its requirements for non-stock, non-profit  organizations to curb fly-by-night foundations that  have been making a killing in their solicitation activities.


                    [DatePublished] => 2005-08-10 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 236089
                    [Title] => SEC tightens rules on non-profit organizations
                    [Summary] => In line with efforts to curb fly-by-night foundations, the Securities and Exchange Commission (SEC) has tightened the  registration requirements for non-stock, non-profit organizations.


In a circular issued yesterday, the SEC cited the need to ensure that donations are utilized according to the foundations’ purposes as stated in their articles of incorporation.


                    [DatePublished] => 2004-01-23 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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COMPANY REGISTRATION DEPARTMENT

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                    [ArticleID] => 326149
                    [Title] => SEC probes 15 foundations for possible fraud
                    [Summary] => The Securities and Exchange Commission (SEC) is investigating around 15 foundations for possible fraud and non-submission of reportorial requirements in violation of the Securities Regulation Code (SRC), according to an SEC official.


However, Hubert Guevara, head of the SEC’s Compliance and Enforcement Department, refused to identify these foundations, but said some are owned by well-known personalities.


Guevara said some foundations use the name of politicians to get on with their illegal solicitation activities.


                    [DatePublished] => 2006-03-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                )

            [1] => Array
                (
                    [ArticleID] => 290737
                    [Title] => SEC to crack down on phony foundations
                    [Summary] => The Securities and Exchange Commission (SEC) is drafting new  rules to stop fraudulent fundraising schemes and help donors  avoid scam artists and phony charities that prey on  people’s generosity.  


Hubert Guevara, head of the SEC’s Compliance  and Enforcement Department, said the agency is tightening  its requirements for non-stock, non-profit  organizations to curb fly-by-night foundations that  have been making a killing in their solicitation activities.


                    [DatePublished] => 2005-08-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [ArticleID] => 236089
                    [Title] => SEC tightens rules on non-profit organizations
                    [Summary] => In line with efforts to curb fly-by-night foundations, the Securities and Exchange Commission (SEC) has tightened the  registration requirements for non-stock, non-profit organizations.


In a circular issued yesterday, the SEC cited the need to ensure that donations are utilized according to the foundations’ purposes as stated in their articles of incorporation.


                    [DatePublished] => 2004-01-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

SEC probes 15 foundations for possible fraud

By Zinnia B. Dela Peña | March 14, 2006 - 12:00am

The Securities and Exchange Commission (SEC) is investigating around 15 foundations for possible fraud and non-submission of reportorial requirements in violation of the Securities Regulation Code (SRC), according...

Business

SEC to crack down on phony foundations

By Zinnia B. Dela Peña | August 10, 2005 - 12:00am

The Securities and Exchange Commission (SEC) is drafting new rules to stop fraudulent fundraising schemes and help donors avoid scam artists and phony charities that prey on people’s generosity. Hubert...

Business

SEC tightens rules on non-profit organizations

By Zinnia B. Dela Peña | January 23, 2004 - 12:00am

In line with efforts to curb fly-by-night foundations, the Securities and Exchange Commission (SEC) has tightened the registration requirements for non-stock, non-profit organizations. In a circular issued yesterday,...

Business