+ Follow COMPLIANCE AND SURVEILLANCE DEPARTMENT Tag
COMPLIANCE AND SURVEILLANCE DEPARTMENT
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[ArticleID] => 291953
[Title] => SEC asks court to dismiss Platinum Plans’ corporate rehab petition
[Summary] => The Securities and Exchange Commission (SEC) has asked the Makati Regional Trial Court to dismiss the petition filed by Platinum Plans Inc. seeking the suspension of its debt payments, pointing out that the pre-need firm is beyond repair as its assets are no longer sufficient to cover all its debts.
SEC commission secretary Gerard Lukban said the agency is opposing platinum’s petition on the ground that the company is already insolvent. "It is not merely illiquid but insolvent," he said.
[DatePublished] => 2005-08-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 263141
[Title] => New PSE president proposes creation of integrity board
[Summary] => Incoming Philippine Stock Exchange president Francis Lim has expressed confidence that the creation of a market integrity board (MIB) to oversee the bourse’s surveillance unit will bring back public trust and confidence in the stock market and rid the exchange of its "old boys’ club" image.
[DatePublished] => 2004-08-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 240387
[Title] => SEC mulls creation of independent watchdog for PSE
[Summary] => The Securities and Exchange Commission (SEC) said it may have no choice but order the creation of a separate corporation that will handle the compliance and surveillance functions of the Philippine Stock Exchange (PSE).
SEC chairperson Lilia R. Bautista said the commission might be forced to order the creation of an independent compliance and surveillance corporation as it continues to receive complaints from PSE’s compliance officers that some bourse officials have been wielding their influence on certain cases being investigated for violation of securities rules.
[DatePublished] => 2004-02-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
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[ArticleID] => 233297
[Title] => Five brokers fail SEC-PSE audit on capital adequacy
[Summary] => At least five brokers were found to have failed to meet the required capital requirements, based on the results of the joint thematic audit conducted by the Philippine Stock Exchange and the Securities and Exchange Commission.
Jose P. Aquino, head of the SEC’s Markets Regulation Department, refused to divulge the identities of the erring brokers but said the deficiency ranges from P5 million to P20 million.
Aquino said the ball is now in the hands of the PSE whether to take over the operations of the poorly-capitalized broker firms.
[DatePublished] => 2003-12-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 223214
[Title] => SEC may ask PSE to spin off its surveillance unit
[Summary] => The Securities and Exchange Commission (SEC) may opt to ask the Philippine Stock Exchange to spin off its compliance and surveillance department into a new corporation in view of growing criticisms questioning the bourse’s ability to ensure fair market practices.
[DatePublished] => 2003-10-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 222149
[Title] => SEC, PSE to conduct joint audit of stockbrokers
[Summary] => The Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) will jointly audit the books and records of stockbrokers and dealers to assess their compliance with securities rules and regulations.
The thematic audit, which will run from Oct. 1 to Nov. 30, 2003, is intended to check the broker-dealer firms’ compliance with the provisions of the Securities Regulation Code.
[DatePublished] => 2003-09-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 217961
[Title] => Powerhomes given until Aug 27 to appeal CA ruling
[Summary] => The Securities and Exchange Commission (SEC) will close down the operations of Powerhomes Unlimited Corp. by Thursday next week unless the firm appeals a court ruling upholding the cease-and-desist order earlier issued against it by the SEC.
Tomas Syquia, head of the SEC’s Compliance and Surveillance Department, said Powerhomes has until Aug. 27 to file a motion for reconsideration with the Court of Appeals. "If they do not file, on the 28th we have to close them down," he said.
[DatePublished] => 2003-08-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 202068
[Title] => SEC urges Coyiuto bets to reconsider decision against running for PSE posts
[Summary] => The Securities and Exchange Commission has urged the group of candidates associated with businessman-stockbroker Robert Coyiuto Jr. to reconsider their decision to withdraw from the elections of the board of directors for the Philippine Stock Exchange.
At the same time, the SEC called yesterday on all stockholders of the PSE to participate in the election scheduled by the PSE this Friday.
[DatePublished] => 2003-04-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 189811
[Title] => SEC works to tighten noose on get-rich-quick schemes
[Summary] => Hoping to tighten the noose on get-rich-quick schemes, the Securities and Exchange Commission is seeking stricter sanctions against entities engaged in pyramid schemes by making this a non-bailable offense.
[DatePublished] => 2002-12-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 188340
[Title] => SEC poises raps vs Multitel companies
[Summary] => The Securities and Exchange Commission will file a series of complaints against the companies used by the Multitel group in soliciting investments from the public.
Tomas Syquia, head of the SEC’s Compliance and Surveillance Department, said his staff is preparing another criminal complaint against a conduit firm of Multitel, which he refused to identify.
[DatePublished] => 2002-12-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
February 26, 2004 - 12:00am
October 6, 2003 - 12:00am
