![]() ![]() "Since April 10, 1997, actively traded his account, and as a result of such trading activities, he accumulated an outstanding obligation in favor of in the principal sum of ₱6,617,036.22 as of April 30, 1997. The parties’ business relationship was governed by the terms and conditions x x x. "Sometime in April 1997, opened a cash or regular account with for the purpose of buying and selling securities as evidenced by the Account Application Form. "Evidence adduced by the has established the fact that is engaged in business as a broker and dealer of securities of listed companies at the Philippine Stock Exchange Center. The factual antecedents were summarized by the trial court (and reproduced by the CA in its assailed Decision) in this wise: The CA denied reconsideration in its SeptemResolution. "UPON THE VIEW WE TAKE OF THIS CASE THUS, this appeal is hereby DISMISSED. The assailed Decision disposed as follows: Hence, they fall outside the purview of the pari delicto rule.īefore the Court is a Petition for Review 1 under Rule 45 of the Rules of Court, challenging the MaDecision 2 and the SeptemResolution 3 of the Court of Appeals (CA) in CA-GR CV No. ![]() ![]() These transactions took place before both parties violated the trading law and rules. In the present case, respondent cannot escape payment of stocks validly traded by petitioner on his behalf. In particular, the laws and regulations requiring payment of traded shares within specified periods are meant to protect the economy from excessive stock market speculations, and are thus mandatory. Consequently, securities transactions are impressed with public interest, and are thus subject to public regulation. Trends in stock prices tend to herald changes in business conditions. The rise and fall of stock market indices reflect to a considerable degree the state of the economy. Stock market transactions affect the general public and the national economy. First Abacus Financial Holdings Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023įirst Abacus Financial Holdings Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023įirst Abacus Financial Holdings Corporation Reports Earnings Results for the Full Year Ended December 31, 2022įirst Abacus Financial Holdings Corporation Auditor Raises 'Going Concern' Doubtįirst Abacus Financial Holdings Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022įirst Abacus Financial Holdings Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022įirst Abacus Financial Holdings Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022įirst Abacus Financial Holdings Corporation Reports Earnings Results for the Full Year Ended December 31, 2021įirst Abacus Financial Holdings Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021įirst Abacus Financial Holdings Corporation Approves the Election of Board Committeesįirst Abacus Financial Holdings Corporation Approves the Election of Alden Alfonso Castañeda and Ms.ABACUS SECURITIES CORPORATION, Petitioner, ![]()
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