[SEC-SICD * CASE NO. 03-96-5300. April 12, 1999.]
JUANITO VALENCIA, complainant, vs. SOLIDLINK FUTURES, ET AL., respondents.
D E C I S I O N
Before this Commission is a complaint for unlawful solicitation and trading of respondents Solidlink and C & T Global as well as against its accountable officers and employees. It was alleged that by virtue of an illegal scheme perpetrated by all of the respondents conspiring with each other, and with the intention of defrauding herein complainant, the former willfully caused the latter to invest P150,000.00 with Solidlink and another P100,000.00 with C & T Global. Complainant further narrated that the respondent corporations allowed an unlicensed broker to solicit & trade from him these investment in direct violation of the REVISED RULES AND REGULATIONS ON COMMODITY FUTURES TRADING enacted by the Securities & Exchange Commission pursuant to Sec. 7 of the Revised Securities Act. cdll
Petitioner prayed for the return of his investment with interest of 5% per month starting from the date that the investment was made. Moral and exemplary damages were also asked...
