BRAVO ZULO ROMEO LENDING CORPORATION

Commission Exchange Securities and IN

BACONG PILIPINAS

FINANCING AND LENDING COMPANIES DEPARTMENT

IN THE MATTER OF: FLCD CDO Case No.04 Series of 2025.

(CS201820748) BRAVO U2 L5 B8 South Spring Villas Bucal City of Calamba, Laguna ZULO ROMEO LENDING CORPORATION Respondent. CIRCULAR NO. FOR: VIOLATION OF SEC MEMORANDUM MEMORANDUM CIRCULAR NO.1O,SERIES OF 2021,AND FINANCIAL PRODUCTS AND SERVICES CONSUMER PROTECTION ACT 19. SERIES OF2019

CEASEANDDESISTORDER

regarding the alleged operation of the unrecorded Online Lending Platform ("OLP"), Magic Peso, by Bravo Zulo Romeo Lending Corporation ("the Respondent"). This refers to the investigation conducted by the Securities and Exchange Commission ("SEC")

Antecedents

Certificate of Authority No. 2774. Its primary purpose is: The Respondent is a registered lending corporation under SEC Registration No. CS201820748 and

"to engage in lending under Lending Regulation Act of 2007. Provided that the public neither shall it issue investment contracts. corporation shall not solicit, accept or take investments/placements from the

any disclosure pertaining to any OLP under Memorandum Circular No. 19, Series of 2019, or the Disclosure Requirements on Advertisements for Financing and Lending Companies and Reporting of Online Lending- Platform ("MC19"). A perusal of the Respondent's records in the Commission shows that the Respondent did not file

OLP Magic Peso provides: practices from an OLP named Magic Peso, Commission conducted its own investigation. The Website of the Acting on complaints received from borrowers who claimed to experience abusive collection

33 S.Osmena Street,Cebu City, Cebu, 6000, Phillppines BRAVO ZULO ROMEO LENDING CORPORATION U support@bravozuloromeo.com

imposed by Memorandum Circular No. 10, Series of 2021 ("MC 10"), and the Financial Products and Services Consumer Protection Act ("FCPA"). unrecorded OLP Magic Peso in violation of MC 19, the Moratorium on New Online Lending Platform Based on the foregoing, it can be concluded that the Respondent owns and operates the

Issue

violation of MC 19, MC 10 and the FCPA? Whether a Cease and Desist Order should be issued against the Respondent on account

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RE: Cease and Desist Order X--------- Page 2 of 2 Bravo Zulo Romeo Lending Corporation

Ruling

The Commission finds issuing a Cease and Desist Order against the Respondent warranted.

interest rates, and violation of their data privacy rights. rendered useless. Moreover, its borrowers are at risk of experiencing abusive collection practices, high- By operating an undisclosed OLA,the Commission's supervisory authority and power over this OLA are The Respondent's nondisclosure of its operation of Magic Peso violates MC 19, MC 10 and FCPA.

FCPA IRR, or may unjustly cause grave or irreparable injury or prejudice to financial consumers, to wit: 6(d)(4) of the FCPA, as implemented by MC No. 05, Series of 2023, authorizes the Commission to issue a cease and desist order without the necessity of a prior hearing if in the Commission's judgment, the act or practice,unless restrained,amounts to fraud or a violation of the provisions of the FCPA and/or the SEC To ensure that the Commission is able to perform this mandate and to protect the public, Section

Powers of the SEC "RULE 6

Section 1. Powers of the Commission. -- The Commission shall, in the implementation of these Rules and the provisions of the FCPA, have the following powers:

D. Enforcement. The Commission shall have the authority to impose enforcement

and authority of the Commission. of the FCPA, SEC FCPA IRR, and other existing laws pertinent to the jurisdiction actions against financial service providers for noncompliance with the provisions

Such enforcement actions may include the following:

the SEC FCPA IRR, or may unjustly cause grave or irreparable injury or prejudice to the Commission's website. [Emphasis supplied] the necessity of a prior hearing if, in the Commission's judgment, the act or practice, financial consumers. A CDO is immediately executory upon service or publication on unless restrained, amounts to fraud or a violation of the provisions of the FCPA and/or Issuance of a cease and desist order ("CDO") to a financial service provider without

issuance of a CDO is warranted in the instant case, not only to penalize the Respondent but also to prevent fraud, injury, or harm to the public and financial consumers who are at the Respondent's mercy. On account of the Respondent's continuing operation of Magic Peso, the Commission holds that the

ACTING FOR AND, IN THEIR BEHALF,are hereby DIRECTED to immediately CEASE AND DESIST from its owners, operators, promoters, representatives, agents, AND ANY AND ALL PERSONS CLAIMING AND engaging in, carrying out, promoting and facilitating any lending activity or transaction. WHEREFORE,premises considered,BRAVO ZULO ROMEO LENDING CORPORATION including

SO ORDERED

L June 2025, Makati City.

Atty.Kenneth Joy A. Quimio OIC-Ditector

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