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                    [ArticleID] => 96025
                    [Title] => SEC backs PSE decision on Reynolds Phils case
                    [Summary] => The Securities and Exchange Commission (SEC) has given in to the Philippine Stock Exchange’s appeal to uphold the bourse’s ruling imposing penalties on the brokers involved in the stock manipulation of Reynolds Philippines Corp. (RPC).


A ranking SEC official said the commission is inclined not to pursue anymore the charges of wash sales and matched orders – both illegal schemes intended to manipulate stock prices – after it has accepted a cash settlement offer from RPC officials also linked to the case, leading to the termination of the investigation.

                    [DatePublished] => 2001-05-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
                    [SectionUrl] => business
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JAKA SECURITIES

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                    [ArticleID] => 96025
                    [Title] => SEC backs PSE decision on Reynolds Phils case
                    [Summary] => The Securities and Exchange Commission (SEC) has given in to the Philippine Stock Exchange’s appeal to uphold the bourse’s ruling imposing penalties on the brokers involved in the stock manipulation of Reynolds Philippines Corp. (RPC).


A ranking SEC official said the commission is inclined not to pursue anymore the charges of wash sales and matched orders – both illegal schemes intended to manipulate stock prices – after it has accepted a cash settlement offer from RPC officials also linked to the case, leading to the termination of the investigation.

                    [DatePublished] => 2001-05-10 00:00:00
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abtest

SEC backs PSE decision on Reynolds Phils case

May 10, 2001 - 12:00am

The Securities and Exchange Commission (SEC) has given in to the Philippine Stock Exchange’s appeal to uphold the bourse’s...

Business