In re Federal Resources Investment Group, Inc.
SEC-CFD Order No. 112-08 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Sep 30, 2008
Full text
September 30, 2008 SEC-CFD ORDER NO. 112-08 IN THE MATTER OF FEDERAL RESOURCES INVESTMENT GROUP, INC. ORDER ON PAYMENT OF PENALTY The records on file with this Commission show that FEDERAL RESOURCES INVESTMENT GROUP, INC. belatedly filed its 2007 Annual Report (SEC Form 17-A), in violation of SRC Rule 17.1 (1) (A) (i). As a result, the company was ordered to pay a fine of One Million One Hundred Forty-Six Thousand Pesos (P1,146,000.00) which it paid on September 16, 2008 as shown by Official Receipt Number 0209633 dated September 16, 2008. The company is admonished to take all appropriate measures to ensure its faithful and timely compliance with Securities Regulation Code. Any further violation shall subject the company and/or its responsible officers to heavier penalties as may be provided by law. SO ORDERED. EDSA, Greenhills, Mandaluyong City, Philippines, September 30, 2008. DHEACI (SGD.) JUSTINA F. CALLANGAN Director
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