The CA Special 16th Division held that the SEC validly acquired exclusive jurisdiction over the petition for the revocation of KAPA’s incorporation, heard the petition with due process, and subsequently rendered the assailed decision upon solid ground and substantial evidence.
“The [SEC] has established by substantial evidence that [KAPA] was engaged in an unlawful investment activity,” the CA ruled, affirming the Commission’s finding that the supposed solicitation of donations by KAPA actually constituted a public offering of securities in the form of investment contracts.
Bu hikaye Manila Bulletin dergisinin April 12, 2021 sayısından alınmıştır.
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Bu hikaye Manila Bulletin dergisinin April 12, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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