April 7, 2020
SEC ADMIN CASE NO. 03-20-061
IN THE MATTER OF: LION CITY FINANCE GROUP, INC.
ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT, movant.
CEASE AND DESIST ORDER
This resolves the Motion for Issuance of Cease and Desist Order 1 (the "Motion"), filed by the Commission's Enforcement and Investor Protection Department ("EIPD") praying that an Order be issued directing LION CITY FINANCE GROUP, INC. ("LION CITY" for brevity), its officers, salesmen, agents, representatives, and any and all persons claiming and acting for and in their behalf, to immediately cease and desist from engaging in the offer and/or sale of securities, in the form of investment contract, until the requisite registration statement is duly filed and approved by the Commission.
RELEVANT FACTS
Movant EIPD is one of the Commission's operating departments tasked to investigate and institute administrative actions against persons and entities engaged in the sales and/or offer unregistered securities without requisite secondary license. 2
Respondent LION CITY is a corporation organized and existing under Philippine laws with Certificate of Registration No. CS201914212 3 issued by this Commission on 29 August 2019. Its...
