Wednesday 15 August
Powered by Ajaxy
Jul 13, 2018 @ 19:39

PSE penalizes 9 brokers


The Philippine Stock Exchange, through its Capital Markets Integrity Corp., imposed sanctions on nine stockbrokers for their failure to comply with securities rules.

Sanctioned were AP Securities, Salisbiry BKT Securities, Unicapital Securities, Abacus Securities, IGC Securities, Lucky Securities, Papa Securities, PCCI Securities and Timson Securities.

AP, Abacus, IGC, Lucky and Papa were fined for minor violation of the rule on customer account information.

Salisbury and AP were slapped with a penalty for violating the ethical standards rule while Unicapital was fined for major violation involving risk-based capital adequacy requirements

PCCI and Timson were penalized for a minor violation of the rules involving give-up/take-up transactions

The CMIC’s mandate is to maintain the integrity of the stock market and minimize the risk to the investing public by ensuring that trading participants or brokers adhere to the rules. (Eileen Mencias)

Related Stories
LBC Express Holdings is acquiring 92.5 percent of LBC Malaysia as part of efforts to
We knew what happened. And now we know with whom.
They are giving agencies the amount which they can realistically spend in a year.
Broascasting firm GMA Network Inc. expects to post better financial results in second half despite


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.