By Keren Concepcion G. Valmonte, Reporter
IN TWO separate orders, the Securities and Exchange Commission (SEC) revoked the certification of incorporation of EMMRJ Loan Consultancy Corp. and Yellowdot Transport Terminal, Inc. over unlicensed investment activities.
EMMRJ Loan Consultancy is a stock corporation that was registered with the commission in late April 2017, while Yellowdot Transport Terminal was registered in late March 2016 to engage in the business of developing and providing transportation services as well as operating land transport terminals.
YELLOWDOT TRANSPORT TERMINAL
The commission said it received numerous e-mails regarding the solicitation activities of Yellowdot Transport Terminal, which is engaged in a “You avail, We manage, You earn” fleet management business. It offers a program where an initial payment of P250,000 and a monthly amortization of P30,000 can get an investor a “millennial…