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                    [ArticleID] => 253048
                    [Title] => PSE to take over assets of troubled brokerage firm
                    [Summary] => The Securities and Exchange Commission (SEC) has authorized the Philippine Stock Exchange (PSE)  to take over the assets of broker firm Marino Olondriz Y Cia to ensure the settlement of the latter’s liabilities to its clients.


The SEC said Marino Olondriz’s financial condition has so deteriorated that it cannot meet the demands of its customers for the delivery of securities and/or payment of sales proceeds.


                    [DatePublished] => 2004-06-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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SECURITIES INVESTOR PROTECTION FUND INC

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                    [ArticleID] => 253048
                    [Title] => PSE to take over assets of troubled brokerage firm
                    [Summary] => The Securities and Exchange Commission (SEC) has authorized the Philippine Stock Exchange (PSE)  to take over the assets of broker firm Marino Olondriz Y Cia to ensure the settlement of the latter’s liabilities to its clients.


The SEC said Marino Olondriz’s financial condition has so deteriorated that it cannot meet the demands of its customers for the delivery of securities and/or payment of sales proceeds.


                    [DatePublished] => 2004-06-08 00:00:00
                    [ColumnID] => 133272
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abtest

PSE to take over assets of troubled brokerage firm

By Zinnia B. Dela Peña | June 8, 2004 - 12:00am

The Securities and Exchange Commission (SEC) has authorized the Philippine Stock Exchange (PSE) to take over the assets of broker firm Marino Olondriz Y Cia to ensure the settlement of the latter’s liabilities...

Business