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The decision of the Securities and Exchange Commission (SEC) to reverse its earlier decision that revoked the license and registration of Venture Securities Inc. as broker dealer is viewed by most stockbrokers as a vindication of their profession. In a chat over lunch, Eagle Securities President Joey Roxas and company…
SEC panel revokes R&L license for trading fraud enablePagination: false endIndex: Metro Manila (CNN Philippines, June 15) – A special hearing panel of the Securities and Exchange Commission (SEC) revoked the license of R&L Investments, Inc. more than a year since it was discovered that a rogue employee illegally transferred over ₱1 billion shares owned by existing clients to an account in another firm. The unit of SEC's Market and Securities Regulation Department also revoked the brokerage license of Venture Securities, Inc. (VSI), which received the equity trades under one account from 2012 to 2019. In three separate decisions issued June 11 and published on Tuesday, the panel issued a ₱25-million fine against R&L and disqualified its president Joseph Lee, stocks salesman and general manager Lucy Linda Lee, and Jonathan Lee from further engaging in the stocks trading business.
SEC panel revokes R&L license for trading fraud cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
SEC revokes license of brokerage R&L for stocks fraud bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.