In a disclosure, the PSE said it was notified about the penalty through a letter from the SEC.
PSE said the fine was for the “alleged violation of a standing order of the SEC to observe status quo prior to the implementation of the PSE requirement for applicants for initial public offerings and listings by way of introduction to engage a bank-owned stock transfer agent.”
The stock exchange said it will file a request for reconsideration with the SEC.
source: www.abs-cbnnews.com
