Requested from SEC by E. Bustamante Jr at 11:45 AM on
Feb 21, 2022.
Purpose: To know if this online lending is legal
Date of Coverage: 02/21/2022 - 02/21/2022
Tracking no: #SEC-478962792503
Bustamante Jr 11:45 AM, Feb 21, 2022
Hi, please help me if this online FORWARD FINANCE INC / Admui Fintech with residence at 67th Floor, Shard House, London, UK and if these officers really exist as their employees as follow: 1. Rusil Ianrey Butad
2. Rowena Bianan.
I applied loan and was approved but they asked me to deposit first the amount 5000 to East West Rural Bank or GCASH, before they released the amount of 460,000 pesos. PLEASE HELP ME.
Infante 01:22 PM, Feb 21, 2022
February 21, 2022
Dear Edealdo,
Thank you for your request dated Feb 21, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Registration.
We received your request on Feb 21, 2022 and will respond on or before Mar 14, 2022 11:45:47 AM, in accordance with the Executive Order's implementing rules and regulations. Meanwhile, you may want to visit our website containing the Advisories, Notices, other updates, and the procedures for filing complaints concerning lending companies:
https://www.sec.gov.ph/lending-companies-and-financing-companies-2/lending-companies-and-financing-companies/); and,
https://www.sec.gov.ph/lending-companies-and-financing-companies-2/complaints/.
Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy00Nzg5NjI3OTI1MDMM, for request with ticket number #SEC-478962792503.
Thank you.
Respectfully,
Violeta Infante
FOI Officer
Gumtang- Remalante 04:52 PM, Feb 22, 2022
February 22, 2022
Dear Edealdo Bustamante Jr,
Greetings!
Thank you for your request dated Feb 21, 2022 11:45:47 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your Request
You asked for Registration.
Response to Request
Please be informed that the name Forward Finance Corp is not registered with the SEC. Please click this link to get a list of the Financing Companies registered with the SEC: https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-financing-companies/
Also, if you have any doubts in transacting with the company especially those that requires the deposit of money in order to get the loan, please do not engage with them. Also, you may also report this matter by sending an email to epd@sec.gov.ph
Your right to request a review
If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary with e-mail address at comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
Thank you.
Respectfully,
Atty. Rachel Esther Gumtang- Remalante
FOI Receiving Officer
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