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SEC vs. Oudine Santos

SECURITIES AND EXCHANGE COMMISSION, PETITIONER, VS. OUDINE SANTOS, RESPONDENT.

G.R. No. 195542 | 2014-03-19

SECOND DIVISION
D E C I S I O N
 
PEREZ, J.:
 
Before us is another cautionary tale of an investment arrangement which, at the outset, appeared good, unraveling unhappily as a deal too-good-to-be-true.

This petition for review on certiorari under Rule 45 of the Rules of Court assails the Decision[1] of the Court of Appeals in CA-G.R. SP No. 112781 affirming the Resolutions[2] of the Secretary of Justice in I.S. No. 2007-1054 which, among others, dismissed the criminal complaint for violation of Section 28 of Republic Act No. 8799, the Securities Regulation Code, filed by petitioner Securities and Exchange...