April 5, 2000
PSE MEMO FOR BROKERS NO. 096-00
| FOR | : | All Member-Brokers |
| RE | : | SEC-BED Memorandum Circular no. 01, Series of 2000 |
Please find attached copy of the SEC - BED Memorandum Circular No. 01, Series of 2000 issued by Dir. Elizabeth C. Martin of SEC Brokers and Exchange Department regarding the Hands-on Training of securities representatives.
For your information.
(SGD.) JOSE LUIS U. YULO JR.
President & Chief Executive Officer
30 March 2000
PHILIPPINE STOCK EXCHANGE
Philippine Stock Exchange Centre
Exchange Road, Ortigas Center
Pasig City
ATTENTION: MR. JOSE LUIS YULO. JR.
President
Gentlemen:
Transmitted to you herewith is SEC-BED Memorandum Circular No. 01, Series of 2000 relative to Hands-on Training of securities representatives. Please disseminate this to all PSE member broker/dealers.
Thank you for your cooperation
Very truly yours,
(SGD.) ELIZABETH C. MARTIN
Director
SEC-BED MEMORANDUM CIRCULAR NO. 01
Series of 2000
| TO | : | All Securities Broker/Dealers |
| SUBJECT | : | Hands-on Training |
It has been observed that trading by unlicensed individuals has become very rampant primarily because broker/dealer firms allow unlicensed individuals to undergo hands-on training. This is in violation of Section 19 of the Revised Securities Act, which provides: IcHSCT
No . . ....
