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SEC clears Venture of over a billion-peso scam

The decision of the Securities and Exchange Commission (SEC) to reverse its earlier decision that revoked the license and registration of Venture Securities Inc. as broker dealer is viewed by most stockbrokers as a vindication of their profession. In a chat over lunch, Eagle Securities President Joey Roxas and company…

PSE slaps ₧35 million fine each on Dito Telecom and its underwriter

The Philippine Stock Exchange (PSE) has slapped billionaire Dennis Uy’s DITO CME Holdings and China Bank Capital Corp. with the maximum penalty allowed under its charter for canceling DITO’s P8 billion stock rights offering (SRO) in January. DITO CME is the holding company of Dito Telecommunity, which is a joint venture…

Shakeup at PSE board amid stock market scandal

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