SEC issues CDO against entity posing as Una Amigo Lending

​The Securities and Exchange Commission (SEC) has issued a cease and desist order (CDO) against an entity that has been unlawfully and maliciously using the corporate name of Una Amigo Lending Corporation for unauthorized lending activities.

In an order dated August 8, the SEC Financing and Lending Companies Department (FinLend) directed the entity to immediately cease and desist from engaging in, carrying out, promoting, or facilitating any lending related activity without the requisite registration from the Commission.
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It also ordered the entity to stop misrepresenting itself as Una Amigo Lending.

The issuance of the CDO stemmed from a complaint filed by Una Amigo Lending, a duly registered lending company with the SEC, of an entity that has been using its corporate name in an unauthorized website and fake SEC registration document.

The entity has also been using Una Amigo Lending’s name for a fake corporate logo, fake company identification cards, and its office setup.

“Given the [entity’s] continued operation of a lending website, the Commission finds the issuance of a [CDO] is necessary not only to penalize the [entity] but also to prevent fraud, injury, or harm to the public and financial consumers,” the order read.