The Securities and Exchange Commission (SEC) in the Philippines continues its fight against One Lightning Corp., a company allegedly involved in pyramiding operations.
In a recent advisory, the country’s corporate regulator reminded the public that a cease-and-desist order it issued against One Lightning is still in effect.
“The public is hereby informed that the cease-and-desist order issued by this commission against One Lighting Corporation, its officers, directors, agents, representatives, conduits, assigns and any and all persons claiming and acting for and in behalf and under their authority remains in force and in effect,” the SEC said.
The SEC earlier issued the order against One Lightning after the latter was found to be pursuing investment taking activities under the guise of the sale of its packages including recruiting, referring, or sponsoring prospective members.
Likewise, the SEC said