SEC upholds shutdown order vs. Rappler
MANILA - The Securities and Exchange Commission (SEC) on Tuesday night affirmed the administrative penalties slapped against Rappler, Inc. and Rappler Holdings Corp. (RHC), as well as the revocation of their Certificates of Incorporation. According to the latest SEC decision signed by SEC Chair Emilio B. Aquino and the four SEC commissioners, the commission upheld its Jan. 11, 2018 decision, declaring as void the Philippine Depository Receipts (PDRs) issued to American firm Omidyar Network (ON) by Rappler and RHC since this violated, among others, Section 71.2 of the Securities Regulation Code...
Source: philippinetimes.com