^
+ Follow CITICORP SECURITIES INTERNATIONAL Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 283962
                    [Title] => SEC wants brokers to justify reduction in paid-up capital
                    [Summary] => The Securities and Exchange Commission (SEC) has asked the Philippine Association of Securities Brokers and Dealers Inc. (PASBDI) to justify the need to reduce the paid-up capital requirement for brokers.


Jose P. Aquino, head of the SEC’s Markets Regulation Department, said PASBDI needs to explain why the existing paid-up capital requirement of P100 million should be lowered to P40 million.
[DatePublished] => 2005-06-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 283833 [Title] => Stock brokers keen to revive operations at less capital [Summary] => Mark Securities Corp., owned by the Dayrit family, is seeking a reduction in the minimum paid-up capital requirement for brokers to allow it to revive its trading operations.

Aside from Mark Securities, another broker firm that announced its intention to re-enter the equities market is JP Morgan. The foreign brokerage house hopes to resume trading operations in the Philippines in July pending compliance with requirements.
[DatePublished] => 2005-06-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 271306 [Title] => 10 stockbrokerage firms mull comeback in PSE [Summary] => Encouraged by the upbeat mood in the equities market, at least 10 brokerage firms that had suspended operations in 2000 are eyeing a comeback in the securities market.

Philippine Association of Securities Brokers & Dealers Inc. (PASBDI) president Nestor S. Aguila said 10 brokerage houses that had ceased operations due to the financial crisis have signified their intention to revive operations but are likely to request for a much lower paid-up capitalization
[DatePublished] => 2005-03-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 145476 [Title] => Singapore broker to resume trading RP stocks [Summary] => Singapore-based OCBC Securities has joined the bandwagon of foreign stockbrokers expressing interest to resume their operations at the Philippine Stock Exchange (PSE) following the decision of the Securities and Exchange Commission (SEC) to put a stop to voluntary suspensions.

But instead of reactivating its Philippine office, OCBC, which went on voluntary suspension this year, indicated it would rather operate off-site, or through an online trading scheme where it would take and executive orders electronically from its Singapore headquarters.
[DatePublished] => 2001-12-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 143085 [Title] => 4 foreign brokers to reactivate suspended operations in RP [Summary] => Just days after the Securities and Exchange Commission (SEC) passed a resolution putting a halt to the voluntary suspension of stock brokers at the Philippine Stock Exchange (PSE), at least four foreign brokers are now ready to reconsider their earlier decisions and operate anew.

Jose Aquino, director of the SEC’s market regulation department, said the four foreign brokers – Nomura Securities, Magnum International Securities, Keppel Securities and SG Securities – have indicated they would return to active trading by renewing their annual fees for brokers/dealers. [DatePublished] => 2001-12-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 142733 [Title] => No more voluntary suspension, SEC warns brokers [Summary] => The Securities and Exchange Commission (SEC) has finalized the order disallowing stock brokers to go under voluntary suspension and instead requiring them to re-apply under stricter capitalization requirements.

In an en banc resolution, the SEC said registered brokers/dealers shall no longer be allowed to go under voluntary suspension, closing the door for other brokerage houses to go on leave at the PSE floor.

The last broker to apply for voluntary suspension was HSBC Securities, the local stock brokerage unit of the Hong Kong-based financial giant.
[DatePublished] => 2001-12-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 142268 [Title] => SEC no longer allows voluntary suspension of operations of brokers [Summary] => The Securities and Exchange Commission (SEC) will make it even harder for brokerage companies to voluntarily suspend their operations at the Philippine Stock Exchange (PSE).

In a draft resolution, the SEC said it would no longer allow brokers to go on voluntary suspension, which means either they continue to operate – even at a loss – or cease their operations entirely and apply for re-registration if the need arises later.
[DatePublished] => 2001-12-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
CITICORP SECURITIES INTERNATIONAL
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 283962
                    [Title] => SEC wants brokers to justify reduction in paid-up capital
                    [Summary] => The Securities and Exchange Commission (SEC) has asked the Philippine Association of Securities Brokers and Dealers Inc. (PASBDI) to justify the need to reduce the paid-up capital requirement for brokers.


Jose P. Aquino, head of the SEC’s Markets Regulation Department, said PASBDI needs to explain why the existing paid-up capital requirement of P100 million should be lowered to P40 million.
[DatePublished] => 2005-06-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 283833 [Title] => Stock brokers keen to revive operations at less capital [Summary] => Mark Securities Corp., owned by the Dayrit family, is seeking a reduction in the minimum paid-up capital requirement for brokers to allow it to revive its trading operations.

Aside from Mark Securities, another broker firm that announced its intention to re-enter the equities market is JP Morgan. The foreign brokerage house hopes to resume trading operations in the Philippines in July pending compliance with requirements.
[DatePublished] => 2005-06-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 271306 [Title] => 10 stockbrokerage firms mull comeback in PSE [Summary] => Encouraged by the upbeat mood in the equities market, at least 10 brokerage firms that had suspended operations in 2000 are eyeing a comeback in the securities market.

Philippine Association of Securities Brokers & Dealers Inc. (PASBDI) president Nestor S. Aguila said 10 brokerage houses that had ceased operations due to the financial crisis have signified their intention to revive operations but are likely to request for a much lower paid-up capitalization
[DatePublished] => 2005-03-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 145476 [Title] => Singapore broker to resume trading RP stocks [Summary] => Singapore-based OCBC Securities has joined the bandwagon of foreign stockbrokers expressing interest to resume their operations at the Philippine Stock Exchange (PSE) following the decision of the Securities and Exchange Commission (SEC) to put a stop to voluntary suspensions.

But instead of reactivating its Philippine office, OCBC, which went on voluntary suspension this year, indicated it would rather operate off-site, or through an online trading scheme where it would take and executive orders electronically from its Singapore headquarters.
[DatePublished] => 2001-12-31 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 143085 [Title] => 4 foreign brokers to reactivate suspended operations in RP [Summary] => Just days after the Securities and Exchange Commission (SEC) passed a resolution putting a halt to the voluntary suspension of stock brokers at the Philippine Stock Exchange (PSE), at least four foreign brokers are now ready to reconsider their earlier decisions and operate anew.

Jose Aquino, director of the SEC’s market regulation department, said the four foreign brokers – Nomura Securities, Magnum International Securities, Keppel Securities and SG Securities – have indicated they would return to active trading by renewing their annual fees for brokers/dealers. [DatePublished] => 2001-12-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 142733 [Title] => No more voluntary suspension, SEC warns brokers [Summary] => The Securities and Exchange Commission (SEC) has finalized the order disallowing stock brokers to go under voluntary suspension and instead requiring them to re-apply under stricter capitalization requirements.

In an en banc resolution, the SEC said registered brokers/dealers shall no longer be allowed to go under voluntary suspension, closing the door for other brokerage houses to go on leave at the PSE floor.

The last broker to apply for voluntary suspension was HSBC Securities, the local stock brokerage unit of the Hong Kong-based financial giant.
[DatePublished] => 2001-12-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 142268 [Title] => SEC no longer allows voluntary suspension of operations of brokers [Summary] => The Securities and Exchange Commission (SEC) will make it even harder for brokerage companies to voluntarily suspend their operations at the Philippine Stock Exchange (PSE).

In a draft resolution, the SEC said it would no longer allow brokers to go on voluntary suspension, which means either they continue to operate – even at a loss – or cease their operations entirely and apply for re-registration if the need arises later.
[DatePublished] => 2001-12-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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