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MANILA, Philippines – The Securities and Exchange Commission (SEC) has warned the public against dealing with several online lending platforms and websites that allegedly misrepresent themselves as being connected to Supreme Money Lending Corp.
In an advisory, the regulator said the online lending platform called “Supreme Money-Cash Loans App,” which is available on the Google Play Store, had been reported for allegedly using the name, branding and representations associated with Supreme Money Lending Corp.
READ: SEC pushes overhaul of online lending rules
The SEC said Supreme Money Lending Corp. had informed the Commission that it neither owns nor operates the platforms and websites in question. The company also denied having any authorization, participation or affiliation with their activities.
