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    Date: 2021-09-10 16:09:41.700217

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    Date: 2021-09-13 20:24:56.537720

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    Date: 2021-09-15 16:00:42.333266

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Clarification on the status of Robocash Finance Corporation

Requested from SEC by M. Nual at 04:09 PM on Sep 10, 2021.
Purpose: Public interest
Date of Coverage: 06/01/2021 - 09/01/2021
Tracking no: #SEC-498207804872

Nual 04:09 PM, Sep 10, 2021 

Hi i would like to request for an information regarding robocash finance corporation.
1. Did you allow it to operate despite the revocation of their certificate of authority and has a pending case?
2. May i know how to formally file a complaint against the above stated finance corporation. Thank you.

Infante 08:24 PM, Sep 13, 2021 

September 13, 2021

Dear Ms. Mary Rose,

Thank you for your request dated Sep 10, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Clarification on the status of Robocash Finance Corporation.

We received your request on Sep 10, 2021 and will respond on or before Oct 01, 2021 04:09:41 PM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://pcoomaster06292017150000-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy00OTgyMDc4MDQ4NzIM, for request with ticket number #SEC-498207804872.

Thank you.

Respectfully,

Violeta Infante
FOI Officer

Gumtang- Remalante 04:00 PM, Sep 15, 2021 

September 15, 2021

Dear Ms. Nual,
 
Greetings!
 
Thank you for your request dated Sep 10, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
 
Your Request
 
You asked for a clarification on the status of Robocash Finance Corporation
 
Response to Request
 
Please be informed that the Corporate Governance and Finance Department of the Securities and Exchange Commission (SEC) has revoked Robocash Finance Corp.’s Certificate of Authority to Operate as a Financing Company (CA) in the CGFD Order No. 237, Series of 2019. The same Order was affirmed by the Commission En Banc in a Decision dated 22 April 2021, which became final and executory on 15 May 2021.
 
Thus, Robocash Finance Corp. has no authority from the SEC to engage in any kind of lending activities.
 
For complaints against individuals/companies engaging in lending activities without the necessary CA, such as Robocash Finance Corp., you may refer them to the Enforcement and Investor Protection Department at 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 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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