The Securities and Exchange Commission is working on various initiatives to strengthen the capital market, including looking into reports of insider trading at the stock exchange, SEC officials said in a recent press conference.
SEC commissioner Kelvin Lee said the Enforcement and Investor Protection Department has been closely monitoring the local market for any insider trading activities.
FTX was the third-largest cryptocurrency exchange by volume and had over one million users. It collapsed because of a liquidity crisis of the company’s token, FTT, which served as the impetus for its bankruptcy. Under the MOA, the SEC can tap DMW’s existing OFW registry and through it, can better alert OFWs on entities that are illegally soliciting investments from the public.
Gas prices will go up slightly, while diesel and kerosene will decrease for the fourth week in a row starting Tuesday, October...
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