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AFTER slapping penalties against Abra Mining and Industrial Corp. over alleged fraudulent trading of shares, the Securities and Exchange Commission (SEC) is now bringing the case to the Department of Justice (DoJ).
The Securities and Exchange Commission will start imposing on April 1 higher fines and penalties for the late and non-filing of reportorial requirements by corporations. The agency issued on March 27 SEC Memorandum Circular (MC) 6, Series of 2024, providing for the Updated Fines and Penalties on the Late and…
The inaction of the Philippine Stock Exchange (PSE) regarding trading irregularities involving Abra Mining and Industrial Corp. has raised concerns among market investors, leading to discussions in various chat groups. And the issues that are discussed in these chat groups show how the PSE officialdom has apparently forgotten its mandate…
MEMBERS of the House Committee on Ways and Means have proposed to the Department of Trade and Industry (DTI) and the Bureau of Internal Revenue (BIR) the revocation of the business permit and manufacturing license of a well-known vape brand, along with legal action for tax code violations, as estimated…
IN two months, the case for the high-flying speculative mining stock, Abra Mining & Industrial Corporation (AR), will be celebrating its third year in hibernation with investors stuck with frozen funds, PSE President Ramon Monzon still mum on his “white knight” idea, and the PSE board eerily quiet on the…