Stocks Basics 5: How do I start trading stocks?
April 15, 2008
I’m ready to start trading stocks, what do I do?
You sure you’re all set? Have you reviewed our stock trading tutorial about the types of stocks and other securities being traded, how profits are made, how much you need to trade stocks, and what types of orders you can make?
If you did and are really ready to go, then read on.
PIPC agents and officers charged with fraud
December 4, 2007
The Philippine Daily Inquirer reported today that the Securities and Exchange Commission (SEC) has filed charges against the officers and agents of the forex investment firm Performance Investments Products Corp. or PIPC after it found the company in violation of certain securities laws.
PIPC grabbed the headlines in July this year after its Singaporean owner Michael Liew fled the Philippines and disappeared, taking with him more than $250 worth of investors’ money.
According to the Inquirer report,
the SEC found that PIPC Corp., its officers and agents were liable for violation of provisions of the Securities Regulation Code (SRC) under Section 8 or the illegal sale of unregistered securities; under Section 28 for failing to register brokers and agents to solicit investments, and under Section 26 for fraudulent transactions.
Named respondents were Singaporean national and PIPC Corp. chair Michael H.K. Liew, directors Cristina Gonzalez-Tuason and Cristina Jurado, and agents Eugene Co, Maria Pamela Morris, Michael Melchor Nubla, Luis Aragon, Mayenne Carmona, Anthony Kierulf, Renato Sarmiento Jr., Barbara Garcia, Jonathan Ocampo, Deborah Yabut, Victor Jose Vergel de Dios, David Chua-Unsu, Stanley Chua-Unsu, Nicole Ortega, Oudine Santos, Mia Legarda, Nicoline Amoranto Mendoza, Christine Yu and Herly Hesultas.
