SURNAME 1

 Access website of SEC at sec.gov.ph. Download a "Cease and Desist Order (the "CDO")
issued by the Securities and Exchange Commission.

SEC issued the following Cease and Desist Order (CDOs) to Forsage:
1. In an order issued September g17th, SEC ordered Forsage to cease and desist under pain
of contempt from selling and offering securities in the form of investment contracts.
2. The sec ordered forsage to stop its online activities until it was issued with all the
requisite permits.
3. The sec ordered forsage from transacting using funds held in its depository accounts.
4. CDO from SEC ordered forsage to refrain from transferring, disposing, or conveying n
any manner all related assets to ensure the preservation of the investors' assets.
5. The CDO by SEC laid the scope to which the CDO's would apply. The orders cover
forsage and its operatives, representatives, salesmen, and agents.

Once you have downloaded at least five (5) CDOs, analyze how the SEC implemented the
investigative, offenses and penalties provisions of the Revised Corporation Code.
The Securities and Exchange Commission (SEC issued the cease and desist orders after learning
that Forsage had solicited funds from the public under a scheme promoted through its website
and social networking sites as a 
crowdfunding platform with a smart contract based on the Ethereum (ETH) blockchain
technology. The SEC realizing the existence of evaluated its business activities and licensure and
established:
That it violated Section 8 of Republic Act No. 8799, which provides that securities sold in the
Philippines should first be registered and be approved by the SEC. Forsage 
had not registered as 
a corporation or 
partnership with the Commission. The company had not been issued with a secondary license to
operate as a broker-dealer of securities or issuer of any securities or mutual funds.
Following these violations, the SEC found Sorsage to be operating illegally in the Philippines
and ordered it to stop its transactions until it had been fully approved to operate.
 2

 Access website of SEC at sec.gov.ph. Download a "Cease and Desist Order (the "CDO")
issued by the Securities and Exchange Commission.

SEC issued the following Cease and Desist Order (CDOs) to forsage and forsage:
1. In an order issued September 17th SEC ordered Forsafe to cease and desist under pain of
contempt from selling and offering securities in the form of investment contracts.
2. The sec ordered forsage to stop its online activities until when it had been issued with all
the requisite permits.
3. The sec ordered forsage from transacting using funds held in its depository accounts.
CDO from S