February 21, 2000
PSE MEMO FOR BROKERS NO. 059-00
SUBJECT : BW Investigation Report
Attached is a self-explanatory letter that was sent to senator Raul S. Roco re: the BW Investigation Report that was furnished to the media.
For your information.
(SGD.)TRINIDAD Y. KALAW
Chairperson
(SGD.) JOSE LUIS U. YULO, JR.
President & CEO
February 17, 2000
HON SENATOR RAUL S. ROCO
Chairman, Committee on Banks, Financial Institution & Currencies
SENATE OF THE PHILIPPINES
Rm. 509, GSIS Bldg., Roxas Blvd., Manila
Dear Sen. Roco,
This is in reference to our cover letter attached to the report of our Surveillance and Compliance Department on its investigation of the unusual trading of BW Resources shares and the subsequent release by your committee of the said report to the media.
Without questioning the authority and wise discretion of the honorable chairman, please be advised that the Board of Governors of the Exchange finds great disappointment in the act of going public with the report. cdlex
The Board registers its strong protest over the apparent breach of the confidentiality condition we requested upon submission of the said report. We strongly disagree with your Honor that our...
