The Securities and Exchange Commission on Monday said it is “closely monitoring” issues that have arisen from the recent disclosures of PLDT Inc. regarding what the company described as “budget overruns” totaling P48 billion over the last four years.
THE Securities and Exchange Commission on Monday said it is “closely monitoring” issues that have arisen from the recent disclosures of PLDT Inc. regarding what the company described as “budget overruns” totaling P48 billion over the last four years.
The SEC has also directed PSE and Capital Markets Integrity Corp. to submit initial reports on their investigation into the trading activities that have resulted in the sudden and sharp decline in the share prices of PLDT before the official disclosure of the “budget overruns,” among others. Among its powers and functions is to investigate and resolve violations by trading participants of the securities law as well as trading-related irregularities and unusual trading activities involving issuers.
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