Defining the News
The Department of Justice will soon start the preliminary investigation of the criminal complaint filed by the Securities and Exchange Commission against the directors, officers, transfer agents, and stockholders of Abra Mining and Industrial Corporation .
Last May 3, the SEC filed before the DOJ a criminal complaint against Abra Mining and its officers for 441 counts of alleged violations of Republic Act No. 8799, also known as the Securities Regulation Code, and RA 11232 or the Revised Corporation Code . In its complaint, the SEC alleged that AR has been engaged in the unauthorized and fraudulent trading of shares from 2015 to 2019.“The criminal complaint stemmed from discrepancies in the number of AR shares registered with the SEC for public offering, those listed in the Philippine Stock Exchange and those lodged with Philippine Depository and Trust Corporation ,” the DOJ said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC files criminal complaint vs Abra Mining over trading fraudThe Securities and Exchange Commission urges the Department of Justice to implement civil and criminal forfeiture against Abra Mining, its officers, and its stock transfer agent
Read more »
SEC files criminal case vs. Abra MiningDefining the News
Read more »
SEC doles out P60-M in fines for Abra Mining messThe SEC released a statement yesterday outlining P560 million in fines relating to the illegally-issued Abra Miningshares that were sold during the basura stock craze of late FY20 and early FY21.
Read more »
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.
Read more »
SEC imposes P540m in fines on Abra Mining executives, agentDefining the News
Read more »
PSE urges Abra Mining minority shareholders to seek counsel as delisting loomsMinority stockholders of Abra Mining will need to band together to exhaust available legal remedies, as the Philippine Stock Exchange moves for the company's involuntary delisting
Read more »