SEC Revokes Registration of 401 Delinquent Lending Firms

SEC revokes registration of 401 delinquent lending firms

The Securities and Exchange Commission  has canceled the licenses of hundreds of delinquent lending companies after failing to comply with reportorial requirements.

SEC cancels corporate registration, licenses of 56 lending, financing companies

The Securities and Exchange Commission (SEC) continues its crackdown against erring lending and financing companies as it revoked the corporate registrations and secondary licenses of 56 companies for failure to comply with reportorial requirements. In an order dated May 29, the SEC Financing and Lending Companies Department (FinLenD) cancelled the primary registrations and certificates of authority to operating as a lending/financing company of…