SEC voids registrations of 'religious' groups

By Earl John Alfaro

Jun 10, 2024 12:27 am

THE Securities and Exchange Commission (SEC) last week revoked the registrations of two supposedly religious groups for misrepresentation and fraudulent activities.

Acting on petitions from the Manila Police District's District Intelligence Division, the SEC's Enforcement and Investor Protection Department (EIPD) found that the two entities — Family of People Loving God Church Inc. and Ang Iglesia ng Makapangyarihang Diyos Inc. — were engaged in unauthorized fundraising and solicitation activities.

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