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SEC vs. Cosmos Philippines

SECURITIES AND EXCHANGE COMMISSION, Petitioner, v. G. COSMOS PHILIPPINES, INC., Respondent.

G.R. No. 167435 | 2015-04-20

Supreme Court
Baguio City
 
FIRST DIVISION
 
NOTICE
 
Sirs/Mesdames:
 
Please take notice that the Court, First Division, issued a Resolution dated April 20,2015 which reads as follows:
 
“G.R. No. 167435 - SECURITIES AND EXCHANGE COMMISSION, Petitioner, v. G. COSMOS PHILIPPINES, INC., Respondent.
 
At issue is the amount of fine that the Securities and Exchange Commission (SEC) could impose on any person engaging in the illegal trading of securities as defined by Republic Act No. 8799 (Securities Regulation Code). In this appeal by petition for review on certiorari, the SEC itself seeks to reverse the decision...