SEC stops Zamboanga firm’s investment racket

The Securities and Exchange Commission (SEC) filed criminal cases against the officials and agents of Zamboanga City-based Silverlion Livestock Trading Corp. who were found to be offering investments without the requisite licenses.

In a statement, the regulator said a cease-and-desist order had been issued against Silverlion on Nov. 17, ordering them to halt the solicitation of investments.

The criminal cases were lodged against Ryan Cagod Ladoing, Renan Lara Ladoing, Rosemarie Alvarez Guzman, Nea Ewayan Algoy, John Paul Dellara Lopez and Michael Villalobos Berja.Ladoing was previously involved in an investment scam by RGS World Marketing, which the SEC also directed to shut down.
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