+ Follow ANSELMA CALIMA Tag
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 148158
[Title] => SEC orders seizure of Ogami assets
[Summary] => The Securities and Exchange Commission (SEC) has issued a writ of execution for the seizure of the assets of Japanese national Genta Ogami and other officials of G. Cosmos Philippines after they failed to pay the P57.18-million fine for the sale of fraudulent investment contracts.
Tomas Syquia, director of the SEC’s Compliance and Enforcement Department, said the 15-day deadline set by the Commission for the payment of the penalty expired last Monday, Jan. 21, hence prompting the SEC to resort to the asset seizure.
[DatePublished] => 2002-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 146315
[Title] => SEC cracks down on G Cosmos
[Summary] => The Securities and Exchange Commission (SEC) ordered G. Cosmos Phils. Inc. yesterday to permanently terminate its advertising contract solicitations and return the investments made by its members within 15 days.
In an order served yesterday, the Commission en banc also rejected the company’s settlement offer of P200,000 and instead slapped it an administrative fine totaling P57.18 million.
[DatePublished] => 2002-01-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 129271
[Title] => Japan-based ad firm contests SEC order
[Summary] => G. Cosmos Philippines Inc. is contesting the cease-and-desist order (CDO) issued against it by the Securities and Exchange Commission (SEC) last July 26, arguing that the business it offers to interested parties "do not fall within the definition and ambit of an investment contract."
The SEC has ordered G. Cosmos, a Japan-based advertising-related firm, to stop its operations for the illegal sale of contracts in its mail order business.
[DatePublished] => 2001-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 128411
[Title] => SEC busts Japan-based ad firm for illegal sale of contracts
[Summary] => The Securities and Exchange Commission (SEC) has stopped the operations of G. Cosmos Philippines Inc., a Japan-based advertising-related firm, for the illegal sale of contracts in its mail order business.
The commission en banc, acting on the recommendation of the Compliance and Enforcement Department, issued the cease-and-desist order (CDO) against G. Cosmos as an investigation based on complaints from investors showed the firm violated a provision of the Securities Regulation Code involving the unregistered sale of investment contracts.
[DatePublished] => 2001-07-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
ANSELMA CALIMA
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 148158
[Title] => SEC orders seizure of Ogami assets
[Summary] => The Securities and Exchange Commission (SEC) has issued a writ of execution for the seizure of the assets of Japanese national Genta Ogami and other officials of G. Cosmos Philippines after they failed to pay the P57.18-million fine for the sale of fraudulent investment contracts.
Tomas Syquia, director of the SEC’s Compliance and Enforcement Department, said the 15-day deadline set by the Commission for the payment of the penalty expired last Monday, Jan. 21, hence prompting the SEC to resort to the asset seizure.
[DatePublished] => 2002-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 146315
[Title] => SEC cracks down on G Cosmos
[Summary] => The Securities and Exchange Commission (SEC) ordered G. Cosmos Phils. Inc. yesterday to permanently terminate its advertising contract solicitations and return the investments made by its members within 15 days.
In an order served yesterday, the Commission en banc also rejected the company’s settlement offer of P200,000 and instead slapped it an administrative fine totaling P57.18 million.
[DatePublished] => 2002-01-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 129271
[Title] => Japan-based ad firm contests SEC order
[Summary] => G. Cosmos Philippines Inc. is contesting the cease-and-desist order (CDO) issued against it by the Securities and Exchange Commission (SEC) last July 26, arguing that the business it offers to interested parties "do not fall within the definition and ambit of an investment contract."
The SEC has ordered G. Cosmos, a Japan-based advertising-related firm, to stop its operations for the illegal sale of contracts in its mail order business.
[DatePublished] => 2001-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 128411
[Title] => SEC busts Japan-based ad firm for illegal sale of contracts
[Summary] => The Securities and Exchange Commission (SEC) has stopped the operations of G. Cosmos Philippines Inc., a Japan-based advertising-related firm, for the illegal sale of contracts in its mail order business.
The commission en banc, acting on the recommendation of the Compliance and Enforcement Department, issued the cease-and-desist order (CDO) against G. Cosmos as an investigation based on complaints from investors showed the firm violated a provision of the Securities Regulation Code involving the unregistered sale of investment contracts.
[DatePublished] => 2001-07-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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