Date of Publication

3-2011

Document Type

Master's Thesis

Degree Name

Master of Business Administration

Subject Categories

Commercial Law | Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Business Management

Thesis Adviser

Michael G. Aguinaldo

Defense Panel Chair

Ernesto Perlas, Jr.

Defense Panel Member

Fe Violeta Baluran
Lester A. Flores

Abstract/Summary

Securities fraud comes in many different and dynamic forms. Some of the most popular are insider trading and price manipulation. These activities go way back in time that every stock market player, trader and lawyer should know that these manipulations are unfair practices and treated as illegal. The task of regulating and adopting measures to reduce, if not eliminate, such irregularities befalls upon the Securities and Exchange Commission and to a certain extent, to the Self Regulatory Organizations, which are directly under the oversight power of the former. In the Philippines, it is only the Philippine Stock Exchange that has been granted such status. One of the reasons why Philippine securities law recognizes the existence of a Self-Regulatory Organization is exactly to delegate to them the power to regulate the stock market since they are also in charge of sustaining the market. Historically, Philippine securities laws have evolved through time. They were first embodied under the Blue Sky Law (Act No. 2851), then the Securities Act (Commonwealth Act No. 83), then

The Revised Securities Act (Batas Pambansa Blg. 178), and finally, The Securities Regulation Code (Republic Act No. 8799). But the mere existence of these measures prohibiting insider trading and other forms of securities fraud seems inadequate to provide a fair, efficient, transparent and apolitical stock market and ensure its optimal development. As with every other law, strict and rigorous enforcement of the securities laws is the most basic and most fundamental thing to do. On this note, it should be mentioned that Philippine securities laws were patterned from the securities laws of the US, namely the Securities Act of 1933 and the Securities Exchange Act of 1934. This is worth mentioning because the US was the first country to have regulations on insider trading and other securities fraud. Aside from that, the US leads the world in the aspects of regulation and enforcement. The policies and the courses of action taken by the US regulatory entities has been largely viewed as the ―gold standard‖ for many emerging markets.

Abstract Format

html

Language

English

Format

Electronic

Electronic File Format

MS WORD

Accession Number

CDTG004917

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

1 computer optical disc, 4 3/4 in.

Keywords

Stock exchanges—Law and legislation—Philippines; Stock exchanges—Philippines

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Embargo Period

4-20-2022

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