In the Matter of First United Finance Corporation
SEC-CFD Order No. 028-09 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Feb 20, 2009
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February 20, 2009 SEC-CFD ORDER NO. 028-09 IN THE MATTER OF FIRST UNITED FINANCE CORPORATION VIOLATION OF SEC MEMO CIR CUL AR NO. 3, SERIES OF 2007 AND THE CORPORATION C OD E OF THE PHILIPPINES ORDER ON PAYMENT OF PENALTY The records on file with this Commission show that FIRST UNITED FINANCE AND LEASING CORPORATION failed to file its 2008 1st semester Interim Financial Statements and General Information Sheets for 2003 to 2005 within the periods prescribed by SEC Memo Circular #3, Series of 2007 and Sec. 26 of the Corporation Code of the Philippines, respectively. ISCcAT As a result, the company was ordered to pay a fine of Twenty Seven Thousand Pesos (P27,000.00) which it paid on February 17, 2009 under OR# 0258964. The company is admonished to take all appropriate measures to ensure its faithful and timely compliance with the said circular and law. Any further violation shall subject the company and/or its responsible officers to a heavier penalty pursuant to Memorandum Circular No. 6, Series of 2005 or Consolidated Scale of Fines. SO ORDERED. EDSA, Greenhills, Mandaluyong City, Metro Manila. February 20, 2009. (SGD.) JUSTINA F. CALLANGAN Director
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