18/04/2012: SEC Issues Advisory on Caceres Lending Investor, Global Money Unlimited and Caceres Global Foundation
18 April 2012, WASHINGTON, DC. The Philippine Securities and Exchange Commission issued an advisory on Caceres Lending Investor Company, Global Money Unlimited and Caceres Global Foundation Incorporated. Numerous inquiries on the status of these lending companies have been received from OFWs abroad. Allegedly, these three entities are engaged in unauthorized lending and investment-taking activities. A copy of SEC’s advisory is provided below, for the information of the public.
Republic of the Philippines
SECURITIES AND EXCHANGE COMMISSION
SEC Building, EDSA, Greenhills
Mandaluyong City, Metro Manila
March 6, 2012
The Commission advises the public that the registration of CACERES LENDING INVESTOR COMPANY with SEC Registration No. A199909295 as a partnership has already expired in 2009. Moreover, it has NOT been issued a Certificate of Authority (CA) to Operate as a Lending Company pursuant to R.A. 9474 or the Lending Company Regulation Act of 2007 and is therefore, NOT ALLOWED to engage in the business of lending anywhere in the Philippines.
Furthermore, the records of the Commission do not show the registration of GLOBAL MONEY UNLIMITED INC. and CACERES GLOBAL FOUNDATION INC. as corporations or partnerships.
The public is advised not to enter into any lending or other transactions with the above-named entities.
If anyone has any information relating to the unauthorized lending activities of CACERES LENDING INVESTOR COMPANY, GLOBAL MONEY UNLIMITED and CACERES GLOBAL FOUNDATION, INC., please call the Enforcement and Prosecution Department at telephone numbers (632) 584-6337 (Office of the Director) and (632) 584-7652 (Complaints and Investigation Division) or send an email to firstname.lastname@example.org.