Securities and Exchange Commission

Browse over 2718 requests from this government agency

Go Back
  • REQUEST SUBMITTED

    You have submitted an FOI request

    Date: 2023-07-08 00:42:30.004317

  • PROCESSING REQUEST

    Your request is already in review

    Date: 2023-07-10 07:24:14.882140

  • REQUEST SUCCESSFUL

    Your request was successful

    Date: 2023-09-05 14:53:16.737553

  • 4

    RATE YOUR REQUEST

    How was your request?

OLAs misleading people

Requested from SEC by S. Cordova at 12:42 AM on Jul 08, 2023.
Purpose: Safety against Cybercrime
Date of Coverage: 07/06/2023 - 07/08/2023
Tracking no: #SEC-173362789185

Cordova 12:42 AM, Jul 08, 2023

These days I've been receiving  messages from unknown numbers and OLAs that my loan has been approved although I haven't applied. 
Also a PESO BUFFET sent me money even I haven't  verified yet. I was just checking the app after my neighbor asked me a favor about this. So I uploaded it and yet they controlled everything and even accesses my contacts. I tried to return the money because I don't want to loan but my shocked it turned out that I can't process my request and have to wait for a week with 60% interest. My number has reached to other OLAs and lenders too and now misleading me.

Gonzales 07:24 AM, Jul 10, 2023

July 10, 2023

Dear Shiena Mae,

Thank you for your request dated Jul 08, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for OLAs misleading people.

We received your request on Jul 08, 2023 and will respond on or before Jul 29, 2023 12:42:30 AM, 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 http://efoi-ph.uc.r.appspot.com/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy0xNzMzNjI3ODkxODUM, for request with ticket number #SEC-173362789185.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Quimio 02:53 PM, Sep 05, 2023

September 5, 2023

Dear Shiena Mae Cordova,

Greetings!

Thank you for your request dated Jul 08, 2023 12:42:30 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for OLAs misleading people.

Response to Request
To find out more about the specifics of your complaint, you may file a formal complaint with us by following the instructions below:

1.      To File a Formal Complaint Against a Lending or Financing Company

Kindly follow this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/.

Please read and follow the instructions carefully to avoid the outright dismissal of your complaint.

In sending the complaint form to flcd_complaints@sec.gov.ph via e-mail, kindly use the following format in the subject head of the e-mail: COMPLETE NAME _RESPONDENT COMPANY _ SUBJECT OF COMPLAINT (ex: JUAN DELA CRUZ_ABC LENDING_DISCLOSURE STATEMENT VIOLATION).

2.      To verify Lending Companies, Financing Companies and Online Lending Platforms

For a list of registered lending and financing companies, follow these links:

a. Registered Lending Companies

https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-lending-companies-2/

b. Registered Financing Companies

http://www.sec.gov.ph/lending-companies-and-financing-companies/list-of-financing-companies/

For a list of recorded online lending platforms of lending and financing companies, please refer to this link:

https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-recorded-online-lending-platforms/

3.      For more information on Lending and Financing Companies

For more information, refer to this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/
 
As to your issues on data privacy violation or violations of R.A. 10173, or the Data Privacy Act of 2012, please contact:

Atty. Michael R. Santos
Chief, Complaints and Investigation Division
National Privacy Commission
 
Address: 5th Floor Delegation Building, PICC Complex, Roxas Boulevard
E-mail:  complaints@privacy.gov.ph; hearings@privacy.gov.ph
Landline: 02-8-2342228 loc 114 or 115
Mobile Number: 0905-5061478 (Globe); 0970-8180555 (Smart)


Thank you for your time and effort in assisting the Commission in our mandate to regulate and supervise lending and financing companies. 

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 the 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.


Thank you

Atty. Kenneth Joy A. Quimio
Asst. Director
Financing and Lending Division
SEC

Is this request offensive?

Requests for personal information and vexatious requests are not considered valid requests for Official Information.

If you believe this request is not suitable, you can report it for attention by the site administrators.