The Philippine Stock Exchange Inc. (PSE) has extended its investigation to brokerage firms and other people who may have connived with former employee Jose Cecilio “Jay” Peñaflor, who is believed to have victimized innocent equities investors for more than P300 million.
In a statement on Monday, the PSE said that it is now probing the extent of the alleged investment scam that shook the country’s capital markets. Part of the investigation is to determine whether individuals, agencies, or salesmen tagged in the complaints may have used their position to facilitate the alleged offenses committed by Peñaflor.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.