Before you invest and transact, you better check and verify SEC Registration and other issued licenses first!
If a company or corporation has secured both a Primary SEC Registration and a Secondary License, say to offer or sell securities and solicit investments from the public, then there is no problem with its legalities. It is legal, and hence legal to do so.
However, if what it has is just a Primary SEC Registration, and it is soliciting investments without any additional license, it is but a legal business entity (being SEC-registered) operating illegally. It must be deviating already from its declared business purpose and operations. In this case, a Primary SEC Registration alone is not sufficient.
Likewise, if neither of these registration and license has been secured, then there’s a big question of its legality. You must not entrust then even a little of your hard-earned money with it and its representatives.
As the registrar and overseer of the Philippine corporate sector, the Securities and Exchange Commission (SEC) is the Philippine national government regulatory agency in charge of the supervision of the capital market, legal regulation of issuances and sales of securities and other investment instruments, and safeguard of the investing public (Read more about Securities and Exchange Commission).
A corporation is defined by the Commission as a juridical person created by operation of law and registered with the Securities and Exchange Commission (SEC).
What is Primary SEC Registration? A Primary SEC Registration only grants juridical personality, hence a general license to operate business under the Corporation Code of the Philippines.
It does not automatically give a company the authority to engage in all types of business activities such as lending, selling of securities and investment contracts, and investment taking, among others.
Here are the business entities requiring a Primary SEC Registration:
- Stock Corporations (including foreign corporations, e.g., branch offices, representative offices, regional headquarters, or regional operating headquarters), or corporations with authorized capital stock divided into shares either with or without par value.
- Non-Stock Corporations (foundations, associations, non-government organizations, religious organizations, and others), or corporations without authorized capital stock and which are usually organized for charitable, religious, educational, professional, cultural, fraternal, literary, scientific, social civil service, or similar purposes, like trade, industry, agricultural and like chambers, or any combinations thereof.
- Partnerships (general and limited partnerships), or entities existing where two or more individuals combine their capital, property, skill, labor, or all of these, for the transaction of a lawful business for gain, upon an understanding that profits or losses shall be shared or borne by them in certain proportions.
Upon submission of SEC registration requirements and successful application, corporations and partnerships are given the following:
- Certificate of Incorporation (for incorporation of stock and non-stock corporations)
- Certificate of Recording (for formation of partnerships)
- License to Do Business in the Philippines (for establishment of foreign branches or representative offices).
What is Secondary SEC Registration (License)? A Secondary SEC Registration or Secondary License is a special legal grant to corporations and partnerships to undertake and engage in special and particularized business activities such as but not limited to brokerage or dealership of securities and public solicitation of investment funds.
Secondary SEC licensees are grantees of a license from the Commission, namely:
- Issuers of Registered Securities to the Public
- Investment Houses
- Brokers and Dealers of Securities
- Investment Companies and Mutual Funds
- Government Securities Eligible Dealers
- Universal Banks Registered as Underwriters of Securities
- Investment Company Advisers
- Clearing Agencies and Clearing Agencies as Depositories
- Stocks and Securities Exchanges
- Financing Companies
- Lending Companies
- Transfer Agents, and
- Other Corporations as may be required by law to secure a secondary license from the Commission to be able to engage in certain business activities.
What is the difference between Primary SEC Registration and Secondary License? In simpler terms, (a) if a company or corporation has secured both a Primary SEC Registration and a Secondary License, say to offer or sell securities and solicit investments from the public, then there is no problem with its legalities. It is legal, and hence legal to do so.
However, (b) if what it has is just a Primary SEC Registration, and it is soliciting investments without any additional license, it is but a legal business entity (being SEC-registered) operating illegally. It must be deviating already from its declared business purpose and operations. In this case, a Primary SEC Registration alone is not sufficient.
Likewise, (c) if neither of these registration and license has been secured, then there’s a big question of its legality. You must not entrust then even a little of your hard-earned money with it and its representatives.
How to Check and Verify SEC Registration of a Company. To prevent from being scammed, checking and verification of Primary SEC Registration and Secondary License of a company or corporation is a must.
For Primary SEC Registration, you may visit the Philippine Securities and Exchange Commission (SEC) official website at www.sec.gov.ph. Proceed to Online Services, then Search Registered Names. If the link is unavailable, you may also try it here: SEC Order Form.
As indicated however, SEC Registration generated does not guarantee that the corporation is authorized to sell to the public, securities or other investment instruments. It’s just a registration with SEC under the Corporation Code of the Philippines.
To check and verify further its Secondary SEC Registration or Secondary License online, visit SEC Capital Market Participants Registry System at www.cmprs.sec.gov.ph. There, you may search for SEC Registration and License information for both institutional and individual (professional) registered capital market participants.
See screenshots below of COL Financial Group, Inc. and its Secondary SEC Registration or Secondary Licenses (Broker/Dealer in Securities (BD) and Mutual Fund Distributors (MFD)):
You may also visit Securities and Exchange Commission (SEC) Main Office at Secretariat Building, PICC Complex, Roxas Boulevard, Metro Manila Philippines, or call SEC Company Registration and Monitoring Department at 818-5554, 818-8803 (Hotlines), 279, 284, 214, and 256 (Locals).
Disclaimer: The author is not directly affiliated with Securities and Exchange Commission of the Philippines. Please take this article as a quick guide on how to check and verify SEC Registration of a company and not a help page for your other concerns and issues with the Commission. Should you find an interest writing another blog article of the same topic and use this one as your reference, please link us back and make sure you do not plagiarize.
Checking if the company, “Zyklus Concept Inc” is a legitimate company in the philippines…
Hi Arnel! While the provided link to the SEC official website is currently inaccessible or misrouted, a simple search on the alternative site, https://secexpress.ph/application-form, produced an available yet limited information about Zyklus Concept, Inc.
Accordingly, it’s SEC-registered with registration number — CS201512546. You may further verify if it has a secondary SEC license to conduct public solicitations of investment funds, as needed. Thank you.
Hello.I would like verify if Talibon Arena & Company is SEC registered.
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Hello, May I know if AKA Group SE Asia Incorporated Philippines is SEC Registered?
Thank you.
Good day! I would like to know if this non-stock corporation — DIWA NG SITIO CANUMAY ORGANIZATION,INC is registered with SEC REGISTRATION NUMBER AN095-00569. If this is registered, how to renew this? Your help is highly appreciated. Thank you for your assistance.
Checking these companies Hallmark Joinery International Development Corporation and Tribal Hallmark International Holdings Corporation are SEC registered?
Thank you.
How can I request a certified true copy of our SEC registration?
Hi Nolasco! You may check the details about the SEC Express System here: https://www.sec.gov.ph/online-services/sec-express-system/#gsc.tab=0. I hope this will help. Thanks.
Good day! Ask ko lang po if ang IMG/Kaiser insurance company is registered po sa security exchange commission? Kasi laganap po Yan abroad.Thanks.
Hi Thessa! International Marketing Group (IMG) Insurance Brokers Corp (A200203947) and Kaiser International Health Group, Inc. (CS200408739) appear separately on the SEC website although the nature of business operations is yet to be checked.
Is Goal Credit Corporation po a legitimate company?
Hi! I just wanted to ask if there is a registered non-stock corporation under “Danao Bamboo Home Owners Association, Inc.”? We really need. Kindly respond.
Thank You.
Hi Vanessa! We tried it, even with just keywords ‘Danao’ and ‘Bamboo,’ but to no avail. You may try it yourself here: https://secexpress.ph/application-form.
I would like to know if Mocamoca, Quickla, Pesobuffet, and Pesoforrest are registered?
Good day!I would like to inquire the registration of Royal HaskoningDHV. We’ll use it for a research regarding our potential partnership. Thank for your assistance!
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Hi! I just want to ask if the ff. are SEC-registered:
Stratapeak, Inc.
Stockwealth, Inc.
Greenmountain Holdings, Inc.
Thank you!
I just want to ask if U-PESO LENDING INVESTORS INC. is registered?
Good afternoon! Is NGMAMANADin Inc. still registered in SEC?
Hello, mam zalora platform third party promoted is this registered?
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Ingat ingat po hindi kayo makapag training ksi needed bumili muna ikaw uniform at for politics business at pangako main objective nila political
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Is Golden Heart Brgy.85 San Jose Tacloban City SEC registered?
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Good day ask lang po ako Pedro house e-commerce legit company registered number CN201606553 Thanks!
Hi I would like to know about Pocket Cash with SEC NO. CS201912383
and if its still operating this year.
Thank you
May i know if elites empire on cebu is registered.
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COMPANY REGISTRATION: CS2020070001053
CERTIFICATE OF AUTHORITY: 3298
Hi i just want to know if fast cash vip online loan app is sec registered they been harassing me even if i was olny late paying my loan for 1 day.
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Hi good day ask ko lang if registered ba ang alpha association inc.
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Thanks po.
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World Chamber of Associates in real estate service, status of this non stock company
Ilang days po reply nyo sa inquiry? Thanks po
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The company of
KEY FINANCE & INVESTMENT CORP.
AS96002630-372
Registration 11-Mar-96
Is this legit company for lending, thanks…
Hello, I would like to know the validity of Hyperloop Online System. Hope you can answer my question. Thank you.
INQUIRE PO REGISTERED PO BA ANG SMILE & JOY MARKETING CO. NA COMPANY
Good day ma’am/sir i would like to know the status of TRUFinance CORPORATION with address 2nd Floor Philcox Bldg Salcedo Street Legazpi Village Makati City 1229 and Corporate address in Albay District Legazpu City if they are registered and operating.Looking forward to hear from you soon.Thank you
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Good morning, May I know if CCO (Clear Channel Outdoor) Media is SEC Registered?
Thank you.
Is this company legit with SEC Registration No. 2023060102629-05? Hoping for your answer. Thank you.
may i know if Boscoa Inc. or Bolasi Sheds and Cottages owners association incorporated is already registered in SEC.???
PLS reply
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Pls.verefy SEC registration #2022030004653-01 kung toto po ba ito
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Good evening, May I know if WOOSHOPPER is SEC registered?
Please reply.
Thank you
May I know if CCO (Clear Channel Outdoor) Media is SEC Registered? And EC Registration No. 2023060102629-05?
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Good Afternoon.
I would like to ask is PH GOLD STONE PHILS. INC. is a SEC registered?
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thanks
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Good day just want to know if OONA INSURANCE legit registered company? Thank you
good day po! tanung ko lang po kung naka registered po ba yung FLEXI FINANCE ASIA INC.?