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                    [ArticleID] => 136099
                    [Title] => DOJ affirms jurisdiction of SEC over lending investors
                    [Summary] => The Department of Justice (DOJ) has affirmed the regulatory jurisdiction of the Securities and Exchange Commission (SEC) over lending investors (LIs), in turn putting in jeopardy the registration of new LIs at the Department of Trade and Industry (DTI).


In a four-page opinion, the DOH said LIs fall under the purview of the SEC if they are not engaged in quasi-banking, an activity which involves the borrowing of funds for relending or purchasing of receivables and other obligations from not less than 19 entities.


                    [DatePublished] => 2001-10-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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PACIFIC LENDERS INC

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                    [ArticleID] => 136099
                    [Title] => DOJ affirms jurisdiction of SEC over lending investors
                    [Summary] => The Department of Justice (DOJ) has affirmed the regulatory jurisdiction of the Securities and Exchange Commission (SEC) over lending investors (LIs), in turn putting in jeopardy the registration of new LIs at the Department of Trade and Industry (DTI).


In a four-page opinion, the DOH said LIs fall under the purview of the SEC if they are not engaged in quasi-banking, an activity which involves the borrowing of funds for relending or purchasing of receivables and other obligations from not less than 19 entities.


                    [DatePublished] => 2001-10-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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                    [SectionUrl] => business
                    [URL] => 
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abtest

DOJ affirms jurisdiction of SEC over lending investors

By Christina Mendez | October 9, 2001 - 12:00am

The Department of Justice (DOJ) has affirmed the regulatory jurisdiction of the Securities and Exchange Commission (SEC) over lending investors (LIs), in turn putting in jeopardy the registration of new LIs at the...

Business