In The Matter of Pedro Ong vs. PAIC Securities Corp.

[SEC-AC NO. 104. March 13, 1980.]IN THE MATTER OF PEDRO ONG, complainant-appellee, vs. PAIC SECURITIES CORPORATION, respondent-appellant.PAIC SECURITIES CORPORATION, petitioner, vs. BEN R. CRISTOBAL and PEDRO ONG, respondents.O R D E RBefore this Commission is a Petition for Certiorari to Annul the Order of Respondent Hearing Officer in UNNUMBERED SEC CASE, entitled Pedro Ong vs. PAIC Securities Corporation, dated June 6, 1979, ordering petitioner-appellant to deliver to respondent-appellee certificates of stock for 11,700,000 shares in Taurus Minerals and 500,000 shares in Pioneer Natural Resources and to remit the principal sum of P89,242.93 with interest thereon at twelve (12%) per cent per annum from receipt of the Order until fully paid, and an Appeal from the Order of Respondent Hearing Officer dated November 29, 1978 denying petitioner-appellant's opposition and counter-motion and affirming the Order of June 6, 1978. cdllThe present proceedings stemmed from a complaint filed by Respondent-Appellee Ong against petitioner-appellant PAIC Securities Corporation, on August 9, 1977, alleging, inter alia, that:On April 28, 1977, respondent-appellee had with petitioner-appellant, a credit balance of P89,242.93 and a...