Home » Articles » Business

Philippines Stock Exchange (PSE) will file an appeal concerning the imposition of penalties by SEC

The Philippines Stock Exchange (PSE) said in their disclosure at their website that it will file an appeal with the Securities and Exchange Commission (SEC) even as it plans to settle a fine imposed by the regulator after being cited in violation of disclosure rules.

The PSE in a disclosure on Friday said it has received on May 29, 2012 a letter from SEC imposing a fine of P65,000 for allegedly violating Section 17.2(a) of the PSE disclosure Rules pertaining to the submission of its consolidated financial reports.

"We will pursue further discussions with SEC on how to harmonize interpretations and policies of both regulators so we could avoid these situations in the further," PSE President and Chief Executive Officer Hnas B. Sicat said.

- https://www.affordablecebu.com/

Please support us in writing articles like this by sharing this post

Share this post to your Facebook, Twitter, Blog, or any social media site. In this way, we will be motivated to write articles you like.

--- NOTICE ---
If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.

"Philippines Stock Exchange (PSE) will file an appeal concerning the imposition of penalties by SEC" was written by Mary under the Business category. It has been read 1755 times and generated 0 comments. The article was created on 04 June 2012 and updated on 04 June 2012.

Total comments : 0