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                    [ArticleID] => 206881
                    [Title] => Tibayan Group faces criminal charges
                    [Summary] => The Securities and Exchange Commission is set to file a criminal complaint against The Tibayan Group of Companies Inc. for selling unregistered securities in violation of the Securities Regulation Code.


The new complaint is in addition to the earlier cases filed by the SEC against The Tibayan Group for falsification of documents and violation of the Investment Company Act. 


"We are now preparing the complaint and we hope to file it within the next two to three weeks.  We’re just in the process of attaching the evidence," an SEC official said.


                    [DatePublished] => 2003-05-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
                (
                    [ArticleID] => 199103
                    [Title] => SEC shuts down operations of Tibayan Group
                    [Summary] => The Securities and Exchange Commission has permanently closed the operations of the Tibayan Group of Companies for "flagrantly" violating the Securities Regulation Code and submitting misleading documents.


Considering the gravity of the offenses committed, the multitude of affected investors as well as the propensity of the respondent companies to submit false declarations and misleading reports, the SEC made the cease-and-desist order on the Tibayan Group permanent to prevent them from further defrauding the public.


                    [DatePublished] => 2003-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 196100
                    [Title] => SEC may revoke Tibayan’s permit to sell securities
                    [Summary] => The Tibayan Group Investment Co. Inc. (TGICI), the mutual fund unit of the controversial Tibayan Group of Companies, may lose its permit to sell securities to the public for failing to appear at yesterday’s hearing set by the Securities and Exchange Commission (SEC).


An SEC official said the Office of the General Counsel is now considering revocation proceedings against TGICI for non-cooperation with the Commission.   The official said an order will be issued this week or next week to alert the public of actions  the SEC has taken or will take against the Tibayan Group.


                    [DatePublished] => 2003-02-20 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                    [SectionUrl] => business
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            [3] => Array
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                    [ArticleID] => 195217
                    [Title] => SEC poises raps vs owners of Tibayan Group
                    [Summary] => The Securities and Exchange Commission has threatened to file administrative and criminal charges against the owners and directors of the Tibayan Group of companies should they refuse to cooperate with the corporate regulator and investors.


Tomas Syquia, head of the SEC’s Compliance and Enforcement Department, said:  "  If they are not willing to cooperate with us then we will file criminal and administrative cases against them as a last resort."


                    [DatePublished] => 2003-02-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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DIAMOND STAR MANAGEMENT

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                    [ArticleID] => 206881
                    [Title] => Tibayan Group faces criminal charges
                    [Summary] => The Securities and Exchange Commission is set to file a criminal complaint against The Tibayan Group of Companies Inc. for selling unregistered securities in violation of the Securities Regulation Code.


The new complaint is in addition to the earlier cases filed by the SEC against The Tibayan Group for falsification of documents and violation of the Investment Company Act. 


"We are now preparing the complaint and we hope to file it within the next two to three weeks.  We’re just in the process of attaching the evidence," an SEC official said.


                    [DatePublished] => 2003-05-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 199103
                    [Title] => SEC shuts down operations of Tibayan Group
                    [Summary] => The Securities and Exchange Commission has permanently closed the operations of the Tibayan Group of Companies for "flagrantly" violating the Securities Regulation Code and submitting misleading documents.


Considering the gravity of the offenses committed, the multitude of affected investors as well as the propensity of the respondent companies to submit false declarations and misleading reports, the SEC made the cease-and-desist order on the Tibayan Group permanent to prevent them from further defrauding the public.


                    [DatePublished] => 2003-03-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 196100
                    [Title] => SEC may revoke Tibayan’s permit to sell securities
                    [Summary] => The Tibayan Group Investment Co. Inc. (TGICI), the mutual fund unit of the controversial Tibayan Group of Companies, may lose its permit to sell securities to the public for failing to appear at yesterday’s hearing set by the Securities and Exchange Commission (SEC).


An SEC official said the Office of the General Counsel is now considering revocation proceedings against TGICI for non-cooperation with the Commission.   The official said an order will be issued this week or next week to alert the public of actions  the SEC has taken or will take against the Tibayan Group.


                    [DatePublished] => 2003-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 195217
                    [Title] => SEC poises raps vs owners of Tibayan Group
                    [Summary] => The Securities and Exchange Commission has threatened to file administrative and criminal charges against the owners and directors of the Tibayan Group of companies should they refuse to cooperate with the corporate regulator and investors.


Tomas Syquia, head of the SEC’s Compliance and Enforcement Department, said:  "  If they are not willing to cooperate with us then we will file criminal and administrative cases against them as a last resort."


                    [DatePublished] => 2003-02-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Tibayan Group faces criminal charges

By Zinnia B. Dela Peña | May 20, 2003 - 12:00am

The Securities and Exchange Commission is set to file a criminal complaint against The Tibayan Group of Companies Inc. for selling unregistered securities in violation of the Securities Regulation Code. The new...

Business

SEC shuts down operations of Tibayan Group

By Zinnia B. Dela Peña | March 16, 2003 - 12:00am

The Securities and Exchange Commission has permanently closed the operations of the Tibayan Group of Companies for "flagrantly" violating the Securities Regulation Code and submitting misleading documents. Considering...

Business

SEC may revoke Tibayan’s permit to sell securities

By Zinnia B. Dela Peña | February 20, 2003 - 12:00am

The Tibayan Group Investment Co. Inc. (TGICI), the mutual fund unit of the controversial Tibayan Group of Companies, may lose its permit to sell securities to the public for failing to appear at yesterday’s...

Business

SEC poises raps vs owners of Tibayan Group

February 13, 2003 - 12:00am

The Securities and Exchange Commission has threatened to file administrative and criminal charges against the owners and directors of the Tibayan Group of companies should they refuse to cooperate with the corporate...

Business