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Securities And Exchange Commission Vs. Court Of Appeals, Et Al.

SECURITIES AND EXCHANGE COMMISSION, petitioner, vs. THE HONORABLE COURT OF APPEALS, CUALOPING SECURITIES CORPORATION AND FIDELITY STOCK TRANSFERS, INC. respondents.

G.R. Nos. 106425 & 106431-31 | 1995-07-21

D E C I S I O N


VITUG, J.:

The Securities and Exchange Commission ("SEC") has both regulatory and adjudicative functions.

Under its regulatory responsibilities, the SEC may pass upon applications for, or may suspend or revoke (after due notice and hearing), certificates of registration of corporations, partnerships and associations (excluding cooperatives, homeowners' associations, and labor unions); compel legal and regulatory compliances; conduct inspections; and impose fines or other penalties for violations of the Revised Securities Act, as well as implementing rules and directives of the SEC, such as may be warranted.

Relative to...