THE Securities and Exchange Commission (SEC) will ask a court to reconsider a restraining order against new rules that require stockbrokers and securities dealers to reveal clients’ identities.

SEC Chairperson Teresita Herbosa said in an interview on Friday that the agency was acting within its regulatory powers when it issued amended implementing rules and regulations (IRR) of the Securities Regulation Code (SRC) requiring stockbrokers and securities dealers to disclose the beneficial owners of stocks of their respective clients.

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