The Securities and Exchange Commission (SEC) is finalizing the guidelines for arbitration that would ensure the speedy and impartial resolution of intra-corporate disputes. The Commission released for public comment the draft guidelines operationalizing Section 181 the Revised Corporation Code of...
The Capital Markets Integrity Corporation (CMIC), the independent audit, surveillance, compliance and enforcement unit of The Philippine Stock Exchange, Inc., denied allegations that it had been remiss in its previous audits of Venture Securities Inc. In a statement released to media, Venture cited...
The Securities and Exchange Commission (SEC) has upheld the findings of the Philippine Stock Exchange’s independent audit, surveillance and compliance arm against Venture Securities, Inc. (VSI) for violation of multiple trading rules. The PSE’s Capital Markets Integrity Corporation said these...
Stock broker Eusebio H. Tanco has formally declined his nomination as director of the Philippine Stock Exchange (PSE) for the Board elections on July 1 after his brokerage Venture Securities Inc. has been penalized by regulators in relation to illegal transfers of shares worth P700 million. In a...
The Securities and Exchange Commission (SEC) has approved the planned public offerings of P51.81 billion worth of securities by San Miguel Corporation (SMC) and Cirtek Holdings Philippines Corporation. In its meeting on June 15, the Commission En Banc resolved to render effective the registration...
The Securities and Exchange Commission (SEC) has also revoked the license of R&L Investments, Inc., as well as disqualified its key officers and the owner of the account used to siphon off P700 million worth of client shares from the stock brokerage. In addition, the SEC special hearing panel...
The Securities and Exchange Commission (SEC) has revoked the license of Ventures Securities, Inc. (VSI) and slapped P32 million in penalties against the brokerage and its officers for the fraudulent transfer of P700 million worth of client shares from R&L Investments, Inc. An SEC special...
This week, local stock market will be waiting for the announcement on whether quarantine measures will be eased further, especially in the nation’s capital, while also observing if the government can speed up its vaccination program. “Investors are expected to watch out for the government’s...
The Securities and Exchange Commission (SEC) is supporting moves to amend Republic Act No. 1405, or the Secrecy of Bank Deposits Law, to reinforce the country’s fight against money laundering, terrorist financing, tax evasion and other financial crimes. The amendments put forward under House Bill...
The Securities and Exchange Commission (SEC) has approved Energy Development Corporation’s plan to offer up to P15 billion worth of fixed-rate ASEAN green bonds. In its meeting on June 8, the Commission En Banc resolved to render effective the registration statement of EDC covering securities...
Investors in the local stock market will be closely watching the COVID numbers after the easing of quarantine measures in the nation’s capital while also waiting for the release of employment this week. “Next week, the local market may decline if our country’s COVID-19 situation further...
The Securities and Exchange Commission (SEC) is coming out with guidelines that will facilitate the offering of collective investment schemes (CIS) across member jurisdictions of the ASEAN Capital Markets Forum (ACMF) that are signatory to the ASEAN CIS Framework. This is part of the move towards...
