Disclosures via social media
By Raul J. PalabricaSocial media have recently been recognized as a reliable means for disclosure of material information in publicly traded companies in the United States.
Social media have recently been recognized as a reliable means for disclosure of material information in publicly traded companies in the United States.
Two more days to go and we’re off to the polls to choose our local government officials, congressmen and a new set of senators.
Last week, a video clip posted on YouTube by a Filipino based in Canada, Proceso Flordeliz Jr., showing the alleged rude behavior of Philippine Consul General to Vancouver Jose Ampeso went viral in the Internet.
An advertisement that appears to denigrate the memory of Datu Lapu-Lapu, the nemesis of Ferdinand Magellan (the man who discovered the Philippines for the western world) had a sad ending. The commercial shows Lapu-Lapu and his consort choosing a diaper named EQ for their child over that offered by Magellan. The rejection was implied as [...]
The days of secret bank or trust accounts in offshore financial institutions or tax havens seem to be over.
The first criminal conviction under the Securities Regulation Code (or Republic Act 8799), which was enacted in 2000, was a big letdown to investors, market participants and financial regulators. In 2003, Asian Capital Equities Inc., a stock brokerage firm owned by Francisco Borromeo, collapsed due to mismanagement and failure to comply with regulatory standards. [...]
Finally, after 18 months, the Civil Service Commission has come up with the implementing rules and regulations of Republic Act 10154 which requires the early release of the retirement benefits of public officials and employees.
In June 2011, pending the enactment of a law that will address the issue of monopolies and combinations in restraint of trade, President Aquino issued Executive Order No. 45 designating the Department of Justice as the Competition Authority to, among others, “investigate all cases involving violations of competition laws and prosecute violators to prevent, restrain and punish monopolization, cartels and combinations in restraint of trade.”
Anecdotal business frustrations aside (unless you’re a chronic bellyacher), there is no denying that 2012 is, to quote the Inquirer’s editorial last Wednesday, “a good year.”
Last week, the Securities and Exchange Commission issued a cease and desist order to Aman Futures Group Phils. Inc., to stop offering, soliciting or selling unregistered securities to the public.
