SEC revokes registration of Seek ExploreThe SEC Enforcement and Investor Protection Department (EIPD) has cancelled the corporate registration of Seek Explore for violating Section 44 of the Revised Corporation Code of the Philippines (RCC), in relation to Sections 8.1, 26, and 28.1 of the Securities Regulation Code (SRC). MANILA, Philippines — The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Seek Explore Sports Association Inc. for offering securities to the public without the necessary approvals from the commission. The SEC Enforcement and Investor Protection Department (EIPD) has cancelled the corporate registration of Seek Explore for violating Section 44 of the Revised Corporation Code of the Philippines (RCC), in relation to Sections 8.1, 26, and 28.1 of the Securities Regulation Code (SRC). The commission has also directed Seek Explore to pay an administrative fine amounting to P1 million. However, upon investigation, the EIPD found that Seek Explore had offered unregistered securities worth P500 to P140,000, with earnings ranging from P30 after three days to P1.79 million after 150 days, depending on the chosen plan.

Source: Philippine Star December 31, 2025 16:52 UTC