In the Matter of All Member-Firms of the Operating Stock Exchanges

[SEC-SICD * ORDER NO. 107. September 18, 1981.] IN THE MATTER OF ALL MEMBER-FIRMS OF THE OPERATING STOCK EXCHANGES REPORT ON INVENTORY OF STOCK CERTIFICATES O R D E R In the interest of the investing public, and in order to facilitate monitoring of the movements of customers' securities under the control of stock broker-members of the stock exchanges, this Commission, pursuant to the powers vested in it under existing laws and rules, hereby amends SEC Order No. 92 dated August 31, 1981 , to read as follows: 1. All member-firms of the operating stock exchanges shall submit quarterly to the Commission an inventory of all securities/stock certificates under their control. 2. The inventory shall be certified under oath by the President/General Manager or the Treasurer of the brokerage firm. 3. In order to have a uniform report, the following format shall be strictly followed and complied with: (See Format on page 38) 4. The first report under par. 1 hereof shall be due on or before October 30, 1981 for the quarter ending September 1981, and succeeding reports shall be submitted within the first thirty (30) days of the month following the end of the quarter thereafter; provided that when audited annual or semi-annual financial statements are due, said inventory shall also be audited and submitted together with said annual or semi-annual financial statements. 5. Any violation of the provisions of the foregoing Order shall be penalized as follows: a. First Violation Not more than P200.00 per day of delay b. Second Violation Suspension of five (5) trading days c. Third Violation Revocation of license after due notice and hearing Strict compliance hereof by all concerned is hereby enjoyed. SO ORDERED, this 18th day of September, 1981 at Mandaluyong, Metro-Manila, Philippines. (SGD.) MANUEL G. ABELLO Chairman ATTACHMENT Inventory of Securities/Stock Certificates