In re Payasian Pte. Ltd. Corp.

March 20, 2020SEC CDO CASE NO. 03-20-062IN THE MATTER OF: PAYASIAN PTE. LTD. CORPORATIONENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT (EIPD), movant.CEASE AND DESIST ORDERThis resolves the Motion for Issuance of a Cease and Desist Order (Motion) filed on 04 March 2020 by the Enforcement and Investor Protection Department ("EIPD" for brevity), praying to immediately enjoin PAYASIAN PTE. LTD. CORPORATION ("PAYASIAN" for brevity), its operators, directors, officers, representatives, salesmen, agents, and any persons, conduit entities and subsidiaries claiming and acting for and/or on its behalf, (1) from engaging in activities of selling and/or offering for sale securities in the form of investment contracts until the required registration statements are duly filed with, approved by, and corresponding permits to offer and/or sell securities are issued by the Securities and Exchange Commission ("Commission" for brevity); (2) from transacting all business involving the funds in its depository banks; and (3) from transferring, disposing and/or conveying in any other manner any of its assets, real and/or personal properties, bank deposits, if any, without the authority of the Commission. FACTSOn 09 November...