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                    [Title] => Glasgow: SEC scores a first
                    [Summary] => The Securities and Exchange Commission (SEC) recently marked a first in its ongoing campaign to clean up the domestic small investments industry with the successful conclusion of the issues involving Glasgow Credit and Collection Services.


The SEC is currently overseeing the payment of close to P700 million to creditors of Glasgow following SEC’s move to lift the freeze order on the liquid assets of the firm deposited in five banks.


                    [DatePublished] => 2002-12-08 00:00:00
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                    [Title] => SEC lauded on handling of Glasgow claims
                    [Summary] => The Securities and Exchange Commission (SEC) was recently hailed by creditors of Glasgow Credit and Collection Services, Inc. for ordering the unfreezing of the funds of the firm resulting in the early settlement of their claims with the firm.


The SEC asked the Anti-Money Laundering Council (AMLC) last week to unfreeze the bank accounts of the firm. Some 9,000 creditors of Glasgow Credit and Collection Services, Inc. also started receiving last week payments for close to 80 percent of the firm’s outstanding obligations.


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ROSALIE IGNACIO

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                    [Title] => Glasgow: SEC scores a first
                    [Summary] => The Securities and Exchange Commission (SEC) recently marked a first in its ongoing campaign to clean up the domestic small investments industry with the successful conclusion of the issues involving Glasgow Credit and Collection Services.


The SEC is currently overseeing the payment of close to P700 million to creditors of Glasgow following SEC’s move to lift the freeze order on the liquid assets of the firm deposited in five banks.


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                    [ArticleID] => 186299
                    [Title] => SEC lauded on handling of Glasgow claims
                    [Summary] => The Securities and Exchange Commission (SEC) was recently hailed by creditors of Glasgow Credit and Collection Services, Inc. for ordering the unfreezing of the funds of the firm resulting in the early settlement of their claims with the firm.


The SEC asked the Anti-Money Laundering Council (AMLC) last week to unfreeze the bank accounts of the firm. Some 9,000 creditors of Glasgow Credit and Collection Services, Inc. also started receiving last week payments for close to 80 percent of the firm’s outstanding obligations.


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abtest

Glasgow: SEC scores a first

December 8, 2002 - 12:00am

The Securities and Exchange Commission (SEC) recently marked a first in its ongoing campaign to clean up the domestic small investments industry with the successful conclusion of the issues involving Glasgow Credit...

Business

SEC lauded on handling of Glasgow claims

December 2, 2002 - 12:00am

The Securities and Exchange Commission (SEC) was recently hailed by creditors of Glasgow Credit and Collection Services, Inc. for ordering the unfreezing of the funds of the firm resulting in the early settlement...

Business