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Attention: Mr. Vicente Graciano P. Felizmenio, Jr. Director - Markets and Securities Regulation Dept Philippine Dealing & Exchange Corporation ... | June 1, 2023
Attention: Mr. Vicente Graciano P. Felizmenio, Jr. Director - Markets and Securities Regulation Dept Philippine Dealing & Exchange Corporation ... | April 17, 2023
In one Senate committee hearing on investment scams, then Senator Juan Ponce Enrile asked: “What is now the prevailing Blue Sky Law?” Very few understood the question. In general, blue sky laws are enacted by governments to prevent securities dealers from committing fraud through the sale of fake se
Published May 24, 2021, 3:53 PM After more than 20 years, the Securities and Exchange Commission (SEC) has finally secured the conviction of a stock broker involved the manipulation of the price of Best World Resources Corporation (BW) that started in October 1998. In a statement, the SEC said it has secured a fifth conviction under the Securities Regulation Code (SRC) after a regional trial court ruled that the president of a brokerage manipulated the market in illegal trade transactions involving stocks of then listed firm BW. In a decision dated May 7, the Pasig City Regional Trial C...
Broker convicted in biggest PSE market manipulation scandal May 24, 2021 11:28 AM PHT A stockbroker was convicted to 14 years in prison and fined P1 million for the country’s largest market manipulation scandal done way back in 1999. The Pasig City Regional Trial Court Branch 67 found Johnny Yap of Solar Securities guilty beyond reasonable doubt for manipulating the market in illegal trade transactions involving stocks of then-listed firm Best World Resources Corporation (BW). The court found Yap violated section 26 of the Revised Securities Act, now Section 24.1(a)(i) of the Securities Reg...