SEC warns against Facebook accounts soliciting personal information from the public
Business

SEC warns against Facebook accounts soliciting personal information from the public

The Securities and Exchange Commission has warned the public against certain entities phishing sensitive personal information on social media.

In an advisory, the corporate regulator said it “received information that certain Facebook pages have been soliciting personal information from the public through the use of Google Forms for purposes of allegedly filing a petition against so-called illegal lending companies.

“Please be advised that this is not the proper way of filing a complaint with the Commission. In order for the SEC to further investigate possible violations of the relevant laws, rules, and regulations committed by erring financing and lending companies, complainants should file a formal complaint directly to the SEC,” the corporate watchdog said.

“To avoid the possible misuse of your personal information, the public is further advised to refrain from participating in said or similar activities by aforesaid Facebook pages. The public may directly communicate their concerns about lending and financing companies through cgfd_md@sec.gov.ph,” the SEC added.

 
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