SEC still keen on having 888 companies enter capital market - BusinessWorld Online

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THE Securities and Exchange Commission (SEC) said it is on track to meet its goal of having 888 companies tap the capital market for core fundraising by 2024.

“To be honest, we need to reassess [the target], but it is still a goal we want to hit,” SEC Commissioner Kelvin Lester K. Lee said on the sidelines of the regulator’s 86The capital market entries include all publicly accessible fundraising such as crowdfunding and normal trading exchange, according to Mr. Lee.“Actually, if you count the crowdfunding numbers,He also said that companies can look forward to the release of environmental, social, and governance-related standards.

Meanwhile, in an issuance, the regulator ordered Beastnessallday Corp. to stop its operations, as it has been soliciting investments without securing the necessary license. The guaranteed return or passive income offered by the entity ranged from 10% to 12% per month or a total of 50% to 60% for the entire five-month period.

 

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