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                    [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
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            [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
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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SECURITIES PHILS

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                    [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
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [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
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abtest

SEC wants brokers to justify reduction in paid-up capital

By Zinnia B. Dela Peña | June 29, 2005 - 12:00am

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....

Business

Stock brokers keen to revive operations at less capital

By Zinnia B. Dela Peña | June 28, 2005 - 12:00am

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...

Business