Inside Trading in the Philippine Stock Exchange

[firestarter]

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Naa nabay na priso ani diris Pinas?

Inside Trading that is. -

[kiddos]

Naa nabay na priso ani diris Pinas?

I guess you're referring to insider trading...

[firestarter]

I guess you're referring to insider trading...

Yup, inside trading sis. Naa ba kahay na priso ani diri sa?

[makie29]

None that I've heard of. Wa man gani napriso silang Erap ug Dante Tan tungod atong BW, samot na kaha ning mga mas gamay2x.
BTW, there was a certain "broker" who duped investors here in Cebu way back in the 90's. Sa akong nahibaw-an, that guy was able to run away with around P300M pero wa napriso.
Walay ngipon ang laws nato diri sa Philippines and SEC is undermanned so maglisod gyud when it comes to implementation.
And in reality, relevant information will always leak before they come out to the public so a few people get hold of it in advance and position themselves. I know since I'm with a brokerage firm.

[firestarter]

wala gyud diay?

[The_JACKAL]

Nganuman TS, naa kay plano?

[makie29]

Totally getting rid of insider trading is just like saying nga the government is going to 100% eliminate corruption from its system (even down to the barangay level), close to impossible. There's nothing in SEC's ruling that says nga mapriso ang mga masakpan. There will be fines but I think ang pinakabug-at nga penalty/sanction is revocation sa license sa brokerage or investment firm or license sa agent (kung individual).