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                    [Title] => SEC rules out closure of CAP
                    [Summary] => The Securities and Exchange Commission (SEC) said a proposal to close down College Assurance Plan Phils. Inc. (CAP) would do more harm than good to the pre-need firm’s investors.


"If we close it (CAP),  planholders would be at the losing end.  What good would it do?  At the end of the day, planholders would still have no money to pay tuition fees," SEC chairperson Fe Barin told reporters.


                    [DatePublished] => 2005-01-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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FIRST AMERICAN INVESTMENTS LTD

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                    [ArticleID] => 267971
                    [Title] => SEC rules out closure of CAP
                    [Summary] => The Securities and Exchange Commission (SEC) said a proposal to close down College Assurance Plan Phils. Inc. (CAP) would do more harm than good to the pre-need firm’s investors.


"If we close it (CAP),  planholders would be at the losing end.  What good would it do?  At the end of the day, planholders would still have no money to pay tuition fees," SEC chairperson Fe Barin told reporters.


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abtest

SEC rules out closure of CAP

By Zinnia B. Dela Peña | January 30, 2005 - 12:00am

The Securities and Exchange Commission (SEC) said a proposal to close down College Assurance Plan Phils. Inc. (CAP) would do more harm than good to the pre-need firm’s investors. "If we close it (CAP),...

Business