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Abacus Securities Corporation vs. Ruben U. Ampil

ABACUS SECURITIES CORPORATION, Petitioner, vs. RUBEN U. AMPIL, Respondent.

G.R. No. 160016 | 2006-02-27

FIRST DIVISION
D E C I S I O N 
 
PANGANIBAN, CJ: 
 
Stock market transactions affect the general public and the national economy. The rise and fall of stock market indices reflect to a considerable degree the state of the economy. Trends in stock prices tend to herald changes in business conditions. Consequently, securities transactions are impressed with public interest, and are thus subject to public regulation. In particular, the laws and regulations requiring payment of traded shares within specified periods are meant to protect the economy from excessive stock market speculations, and are thus mandatory. 
 
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