FIRST RESOURCES MANAGEMENT

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                    [ArticleID] => 262174
                    [Title] => SEC probes deeper into controversy over First Resources Management
                    [Summary] => The Securities and Exchange Commission (SEC) is digging deeper into the controversy involving First Resources Management & Securities Corp., the stockbrokerage firm owned by influential broker Vivian Yuchengco.


In an Aug. 19 letter to the Philippine Stock Exchange (PSE), the SEC said it is pursuing its investigation into First Resources’ alleged monopoly of stock trades by the Government Service Insurance System (GSIS), one of the biggest institutional investors in the exchange.


The PSE  earlier cleared First Resources of any wrongdoing in the transactions. 

                    [DatePublished] => 2004-08-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
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                    [ArticleID] => 260242
                    [Title] => PSE finds no proof to warrant probe of First Resources
                    [Summary] => The Philippine Stock Exchange (PSE) has found no "compelling incidence" to investigate the trading activities of Meralco between October 2003 and June 2004, a finding which, in effect, cleared The First Resources Management & Securities Corp. of any improper sales practices when it bought for the Government Service Insurance System (GSIS) shares of stock in Meralco.


                    [DatePublished] => 2004-08-06 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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            [2] => Array
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                    [ArticleID] => 258415
                    [Title] => Yuchengco firm welcomes SEC investigation
                    [Summary] => The Yuchengco-owned broker firm First Resources Management & Securities Corp. said yesterday it welcomes the investigation being conducted by the Securities and Exchange Commission into the company.


In a statement issued, former Philippine Stock Exchange chairman Vivian Yuchengco said "First Resources welcomes the SEC’s move to look into stock transactions of the Government Service Insurance System coursed through us."


                    [DatePublished] => 2004-07-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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SEC probes deeper into controversy over First Resources Management

By Zinnia B. Dela Peña | August 22, 2004 - 12:00am

The Securities and Exchange Commission (SEC) is digging deeper into the controversy involving First Resources Management & Securities Corp., the stockbrokerage firm owned by influential broker Vivian Yuchengco. In...

Business

PSE finds no proof to warrant probe of First Resources

August 6, 2004 - 12:00am

The Philippine Stock Exchange (PSE) has found no "compelling incidence" to investigate the trading activities of Meralco between October 2003 and June 2004, a finding which, in effect, cleared The First...

Business

Yuchengco firm welcomes SEC investigation

By Zinnia B. Dela Peña | July 22, 2004 - 12:00am

The Yuchengco-owned broker firm First Resources Management & Securities Corp. said yesterday it welcomes the investigation being conducted by the Securities and Exchange Commission into the company. In a statement...

Business