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                    [Title] => Glasgow bid for 7-year payment of SEC fine rejected
                    [Summary] => The Securities and Exchange Commission is not inclined to accept the proposal of  pseudo-investment firm Glasgow Credit and Collection Services Inc. to pay the assessed penalty of P10 million over a seven-year  period.


An SEC official, who requested not to be named, said the commission is not likely to approve Glasgow’s proposed mode of payment. "The commission wants a shorter period.  It should only be for one year," the same official said.


                    [DatePublished] => 2003-11-03 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [ArticleID] => 223334
                    [Title] => Glasgow pressed to pay P10-million penalty
                    [Summary] => Glasgow Credit and Collection Services Inc. is being pressed by the Securities and Exchange Commission to immediately pay the assessed penalty of P10 million for unauthorized sale of securities to the public in violation of the Securities Regulation Code.


The company was issued a cease-and-desist order by the SEC for offering to the public investment contracts without prior registration with the corporate watchdog.


                    [DatePublished] => 2003-10-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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RADIACION BADIAS

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                    [ArticleID] => 226535
                    [Title] => Glasgow bid for 7-year payment of SEC fine rejected
                    [Summary] => The Securities and Exchange Commission is not inclined to accept the proposal of  pseudo-investment firm Glasgow Credit and Collection Services Inc. to pay the assessed penalty of P10 million over a seven-year  period.


An SEC official, who requested not to be named, said the commission is not likely to approve Glasgow’s proposed mode of payment. "The commission wants a shorter period.  It should only be for one year," the same official said.


                    [DatePublished] => 2003-11-03 00:00:00
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                    [ArticleID] => 223334
                    [Title] => Glasgow pressed to pay P10-million penalty
                    [Summary] => Glasgow Credit and Collection Services Inc. is being pressed by the Securities and Exchange Commission to immediately pay the assessed penalty of P10 million for unauthorized sale of securities to the public in violation of the Securities Regulation Code.


The company was issued a cease-and-desist order by the SEC for offering to the public investment contracts without prior registration with the corporate watchdog.


                    [DatePublished] => 2003-10-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Glasgow bid for 7-year payment of SEC fine rejected

November 3, 2003 - 12:00am

The Securities and Exchange Commission is not inclined to accept the proposal of pseudo-investment firm Glasgow Credit and Collection Services Inc. to pay the assessed penalty of P10 million over a seven-year period. An...

Business

Glasgow pressed to pay P10-million penalty

By Zinnia B. Dela Peña | October 7, 2003 - 12:00am

Glasgow Credit and Collection Services Inc. is being pressed by the Securities and Exchange Commission to immediately pay the assessed penalty of P10 million for unauthorized sale of securities to the public in violation...

Business