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A no-action letter is a letter written by the staff members of a government agency, requested by an entity subject to regulation by that agency, indicating that the staff will not recommend that the agency take legal action against the entity, should the entity engage in a course of action proposed by the entity through its request for a no-action letter.
The Securities and Exchange Commission (Filipino: Komisyon sa mga Panagot at Palitan; SEC) is the agency of the government of the Philippines charged with the registration and supervision of corporations and securities, as well as capital market institutions and participants, in the Philippines. The commission promotes investor protection in ...
Supreme Court of the Philippines en banc: Full case name; Re: Letter of Presiding Justice Conrado M. Vasquez, Jr. on CA-G.R. SP No. 103692 [Antonio Rosete, et al. v. Securities and Exchange Commission, et al.] Decided: September 9, 2008: Citation: A.M. No. 08-8-11-CA: Case history; Subsequent action(s) Motion for reconsideration denied October ...
The name "Wells notice" is derived from the Wells Committee of the SEC which proposed this process in 1972. This SEC committee was named after John A. Wells, its chair. [5] The other members of the committee were former SEC Chairmen Manuel F. Cohen and Ralph Demmler. [6] Among the recommendations made by the committee was the following:
Through Memorandum Order No. 10, s. 2016, the Office of the Executive Secretary (OES) mandated the PCOO to act as the lead implementing agency for the FOI Program. To operationalize this, the PCOO established the Freedom of Information – Project Management Office (FOI-PMO) through PCOO Department Order No. 18, s. 2017.
In March 2012, the SEC announced that a federal judge ordered the former CEO of Brookstreet Securities Corp., Stanley C. Brooks, to pay a maximum $10 million penalty related to the fraud action that the SEC filed against Brooks for systematically selling risky mortgage-backed securities during the financial crisis to customers with conservative ...
Swap Execution Facilities are regulated by the Securities and Exchange Commission and the Commodity Futures Trading Commission. The regulated trading of certain swaps is a result of requirements in the United States by the Dodd–Frank Wall Street Reform and Consumer Protection Act (in particular Title VII ). [ 3 ]
The Executive Secretary possesses so much power since the holder of the office is the chief alter-ego of the President of the Philippines, the Chief Executive. The Executive Secretary can issue orders in the name of the President, can review and modify decisions of other cabinet secretaries on appeal and can perform numerous other functions as ...