THE Securities and Exchange Commission (SEC) has permanently barred the Humanitarian and Spiritual Mission Apostolates of Davao and Asia Inc., Hasmadai Foundation Inc. and Humanitarian Institute of Technology Corp. (Hasmadai Group) from the unauthorized solicitation of investments from the public.

A cease-and-desist order (CDO) issued last May was made permanent by the regulator in a Dec. 3 resolution.

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