Regulator upholds fines against Now | Lorenz S. Marasigan
The Securities and Exchange Commission (SEC) has upheld the imposition of fines on listed telecommunications provider Now Corp. and its CEO Mel Velarde for what it deemed as “misleading” disclosures regarding Now Telecom’s P2.6-billion unpaid obligation to the government. The SEC’s Enforcement and Investor Protection Department rejected Now Corp. and…