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This document summarizes a court decision from the Court of Appeals of the Philippines regarding a petition filed by Roberto V. Ongpin seeking reversal of an SEC decision finding him liable for 174 counts of insider trading. The SEC found that Ongpin purchased additional PHILEX shares in the morning of December 2, 2009 while in possession of non-public information about a planned purchase of PHILEX shares later that day, in violation of securities laws. The Court of Appeals decision upholds the SEC ruling a

Author

Danica Irish Revilla

Language

EN