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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 192532
                    [Title] => SEC freezes licenses of 2 pre-need firms
                    [Summary] => The Securities and Exchange Commission has suspended the licenses of Pension and Retirement Plans Corp. (PRPC)  and Celestial Memorial Life Plan Inc. for failure to comply with the minimum paid-up capital requirement of P50 million for pre-need plan firms.


The SEC decided not to renew the dealer’s license of the two pre-need firms for this year to ensure the protection of the general public.  This means that these companies can no longer sell new plans and will only be allowed to continue meeting obligations to existing planholders.


                    [DatePublished] => 2003-01-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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PENSION AND RETIREMENT PLANS CORP

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    [results] => Array
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            [0] => Array
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                    [ArticleID] => 192532
                    [Title] => SEC freezes licenses of 2 pre-need firms
                    [Summary] => The Securities and Exchange Commission has suspended the licenses of Pension and Retirement Plans Corp. (PRPC)  and Celestial Memorial Life Plan Inc. for failure to comply with the minimum paid-up capital requirement of P50 million for pre-need plan firms.


The SEC decided not to renew the dealer’s license of the two pre-need firms for this year to ensure the protection of the general public.  This means that these companies can no longer sell new plans and will only be allowed to continue meeting obligations to existing planholders.


                    [DatePublished] => 2003-01-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

SEC freezes licenses of 2 pre-need firms

By Zinnia B. Dela Peña | January 23, 2003 - 12:00am

The Securities and Exchange Commission has suspended the licenses of Pension and Retirement Plans Corp. (PRPC) and Celestial Memorial Life Plan Inc. for failure to comply with the minimum paid-up capital requirement...

Business