THE Securities and Exchange Commission announced it busted the operations of Silverlion Livestock Trading Corp. in Zamboanga City for violation of the Cybercrime Prevention law .
The SEC and NBI Region IX were able to seize bundles of cash, vouchers and other device in Silverlion’s office, which were supposedly scheduled to be used for the upcoming payout of profits to its existing investors. Upon application by the Enforcement and Investor Protection Department , the commission en banc on November 17 issued a CDO against Silverlion, enjoining the group to stop soliciting investments from the public without the necessary licenses from the Commission.
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