SEC warns public on Luzon-based lending firm

The Securities and Exchange Commission (SEC) Cebu extension office on Monday issued a warning to investors in Cebu City who have dealt or are about to deal with a Luzon-based lending firm offering investment portfolios to the public without authority from the government.

Lawyer Alma Marie Estrada-Dalena, SEC-Cebu officer-in-charge, said an alert was issued against R.L. Aggregates and Diversified Lending Group, Inc. after the central office ordered the firm to stop soliciting investments from the public through a fraudulent scheme that involves the use of falsified registration documents.