BW Investigation Report

February 21, 2000PSE MEMO FOR BROKERS NO. 059-00SUBJECT : BW Investigation ReportAttached 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. KALAWChairperson (SGD.) JOSE LUIS U. YULO, JR.President & CEOFebruary 17, 2000HON SENATOR RAUL S. ROCOChairman, Committee on Banks, Financial Institution & CurrenciesSENATE OF THE PHILIPPINESRm. 509, GSIS Bldg., Roxas Blvd., ManilaDear 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. cdlexThe 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...