In re Hunter Finance, Inc.
SEC-CFD Order No. 130-07 • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Jul 30, 2007
Full text
July 30, 2007 SEC-CFD ORDER NO. 130-07 IN THE MATTER OF HUNTER FINANCE, INC. FOR: REVOCATION OF THE CERTIFICATE OF AUTHORITY (CA) TO OPERATE AS A FINANCING COMPANY O R D E R Records on file show that despite receipt of notices by Hunter Finance Inc. on 28 March 2006 and 09 June 2006, it has continuously refused to attend the scheduled hearings relative to its violations of the Financing Company Act, its Implementing Rules and Regulations, SEC Memorandum Circular/s, as follows: aHESCT 1. Failed to pay the following; a. Annual fee for 2006; b. Basic fine of PhP10,000.00 and a daily penalty of PhP100 or a total of Php3,200.00 for non-payment of its annual fee for 2006; c. Basic fine of PhP40,000.00 and a daily penalty of PhP100 (for the 2nd violation) and PhP200 (for the 3rd, 4th and 5th violations) or a total of PhP38,000.00 for non-filing of quarterly reports for the 2nd, 3rd and last quarters of 2005 and 1st quarter for 2006. 2. Failed to file/submit the following: a. Quarterly reports for the 2nd, 3rd and last quarters of 2005 and 1st quarter of 2006; and IaCHTS b. Revised Anti-Money Laundering Operating Manual; c. GIS for the years 2000 to 2002. 3. Filed late its AFS for the year 2000; Premises considered, the Certificate of Authority (CA) of HUNTER FINANCE, INC. to operate as a Financing Company is hereby REVOKED. CcSEIH SO ORDERED. Mandaluyong City. July 30, 2007. (SGD.) JUSTINA F. CALLANGAN Director
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