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SEC to Zambo firm: Stop selling securities

THE Securities and Exchange Commission (SEC) has directed a Zamboanga-based company to stop soliciting investments from the public, as it does not have the requisite license.

A November 26 order approved an Enforcement and Investor Protection Department (EIPD) request for a cease and desist order against Silverlion Livestock Trading Corp., which had been found to be selling securities through its website and on social media without an SEC license.