SEC doles out P60-M in fines for Abra Mining mess

] shares that were sold during the basura stock craze of late FY20 and early FY21. The PSE’s suspension of AR’s stock in May 2021 effectively killed that basura stock craze and trapped AR shareholders in the stock for three years with little in the way of information from the SEC, the PSE, or AR itself to guide expectations. The SEC’s statement said that AR illegally issued 169 billion shares of AR across 474 stock certificates, leading to a situation where AR had 258.

I thought it would be interesting to see if any overarching themes were present, and then provide some of the comments that... At least 13 areas in the Philippines could experience a “danger” heat index of 44 degrees Celsius today amid the... “Danger” heat index is expected in nine areas today amid the ongoing El Niño and dry season, according...

The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme...At least 13 areas in the Philippines could experience a “danger” heat index of 44 degrees Celsius today amid the continued effects of El Niño and the dry season, according to the state weather bureau.The weather agency's latest heat index bulletin said the 13 areas will be under the “danger” classification, with temperatures ranging from 42°C to 45°C.

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SEC imposes heavy fines on Abra Mining officials for unregistered stock sales, prompting AMLC actionIT took a while but the Securities and Exchange Commission (SEC) has finally come out with a decision that slapped P560 million in fines to officials of Abra Mining and Industrial Corp. (AR) and others for the sale in the stock market of unregistered and unlisted shares worth P1.6 billion.
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