Abacus Securities Corp. v. Enforcement and Prosecution Department

August 8, 2019SEC EN BANC CASE NO. 09-11-244(EPD Case No. 11-2929)IN THE MATTER OF ACESITE (PHILS.) HOTEL CORP.,ABACUS SECURITIES CORPORATION and SHIELA MARIE C. AGUILAR (AP), AB CAPITAL SECURITIES, INC. and ERICSON C. WEE (AP), B.H. CHUA SECURITIES CORP. and VIOLETA T. CASTILLO (AP), TOWER SECURITIES, INC. and ADORA C. CABILES (AP), VENTURE SECURITIES, INC. and ADORA M. AGUILAR (AP), appellants, vs. ENFORCEMENT AND PROSECUTION DEPARTMENT, appellee.FOR : Violation of Section 24.1 of the SRC in Relation to Rule 24.1 (b)-1 of Its Implementing Rules and RegulationsDECISIONThis resolves the Notice of Appeal and Memorandum of Appeal 1 filed by Appellant Venture Securities, Inc. and Adora M. Aguilar dated September 30, 2011 to assail the Order 2 of the Enforcement and Prosecution Department, now known as the "Enforcement and Investor Protection Department" or "EIPD" dated September 15, 2011 finding appellants liable for violating Section 24.1 of the Securities Regulation Code ("Code") and ordering appellants to pay the monetary penalties under Section 54 of the same Code. THE PARTIESAppellant Venture Securities, Inc. ("Venture") is a duly licensed...