December 10, 2019
SEC EN BANC CASE NO. 02-14-316
GOLDSTAR SECURITIES, INC., appellant, vs. MARKETS AND SECURITIES REGULATION DEPARTMENT, appellee.
DECISION
For consideration of this Commission is the Memorandum on Appeal dated 4 February 2014 which was filed on 5 February 2014 by Appellant Goldstar Securities, Inc. (Goldstar), praying that the En Banc reverse the Letter-Decision dated 13 August 2013 of the Commission's Market Regulation Department (MRD), now Markets and Securities Regulation Department (MSRD), imposing a fine for material deficiencies and material misstatements in Goldstar's FY 2010 Audited Financial Statements (AFS).
RELEVANT FACTS
Appellant Goldstar is a company engaged in the brokerage business of stocks, bonds, and other financial securities and in all activities directly or indirectly connected therewith or incidental thereto and to be a member of any stocks or commodity exchange as well as board of realtors, national, regional or local. As with all corporations, Goldstar is obligated to submit its AFS to the Commission.
On 06 April 2011 Goldstar filed with the Commission its AFS for the year ended 31 December 2010 (2010 AFS) duly audited and certified...
