The Securities and Exchange Commission has cancelled the lending license and corporate registration of Flying Bear Lending Corporation which is operating as Yopeso, Morepeso and Rapidpeso.
Lending companies must also disclose in their advertisements and OLPs specific information, such as their corporate names, SEC Registration Numbers, and Certificates of Authority. Flying Bear was also found to have similarly violated SEC MC 19 with respect to its other OLP, RapidPeso.
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