By Doris C. Dumlao
Five capital market and banking institutions and one private investor group have asked the Supreme Court to reverse the implementation of various regulations requiring the submission of an alphabetical list (alphalist) of portfolio investors receiving income payments and dividends.
By Francis Lim
Section 28 of the Securities Regulation Code (SRC) provides that “[n]o person shall engage in the business of buying or selling securities in the Philippines as a broker or dealer, or act as a salesman, or an associated person of any broker or dealer unless registered as such with the Commission.”
By Michelle V. Remo
National Treasurer Rosalia de Leon on Wednesday said the higher interest rates on peso-denominated government securities was an “overreaction” of the market to the US Federal Reserve’s tapering mode.
The London Whale trading loss is JPMorgan Chase’s legal headache-of-the-week, but it’s hardly its only problem.
US banking giant JPMorgan Chase said Thursday it is facing parallel civil and criminal investigations over its sale of mortgage-backed securities before the financial crisis.