[PED CASE NO. 96-2122. August 26, 2010.]
IN THE MATTER OF EUROCOM INTERNATIONAL MANAGEMENT, INC. (EUROCOM BUSINESS CENTER, INC.)
ASIA CAPITAL FINANCIAL CORPORATION, movant.
ORDER
For consideration of the Commission En Banc is the Motion to Dismiss and to Lift Cease and Desist Order dated 04 May 1999 filed by Asia Capital Financial Corporation ("ACFC") on 29 January 2002.
The background of the case is narrated below:
On 16 August 1996, then Prosecution and Enforcement Department (PED) of the Commission received a Memorandum from the defunct Brokers and Exchanges Department of the Commission pertaining to a letter-complaint of a certain Cresencio Sosa against Eurocom International Management, Inc. ("Eurocom"). The letter-complaint was docketed as PED Case No. 96-2122. The PED issued an Order dated 10 February 1997 directing Eurocom to show cause why no sanction shall be imposed upon it for violation of laws implemented by the Commission. On 03 April 1997, Eurocom filed its Comments on and/or Compliance to the Order dated 10 February 1997. Eurocom also filed a Motion to Resolve dated 31 July 1997.
Another letter-complaint dated 14 May...
