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Villafuerte vs. SEC, BSP, etc. [DECISION]

LUIS R. VILLAFUERTE, CARIDAD R. VALDEHUESA, AND NORMA L. LASALA, PETITIONERS,* VS. SECURITIES AND EXCHANGE COMMISSION, BANGKO SENTRAL NG PILIPINAS, SECRETARY OF FINANCE, THE NATIONAL TREASURER, BANKERS ASSOCIATION OF THE PHILIPPINES, PHILIPPINE DEALING & EXCHANGE CORPORATION, PHILIPPINE DEPOSITORY & TRUST CORP., PHILIPPINE SECURITIES SETTLEMENT CORPORATION, PHILIPPINE DEALING SYSTEM HOLDINGS CORPORATION, AND VICENTE B. CASTILLO, RESPONDENTS.

G.R. No. 208379 | 2022-03-29

EN BANC
 
D E C I S I O N
 
HERNANDO, J.:
 
This Petition for Certiorari and Prohibition with Prayer for Temporary Restraining Order (TRO) and Preliminary Injunction (PI)[1] seeks to nullify the various rules, orders, issuances, and acts[2] of Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), Secretary of Finance, and National Treasurer (collectively, public respondents), as well as to prohibit them from continuing with specific actions,[3] in relation to the operations of the PDS Group, composed of private respondents Philippine Dealing & Exchange Corporation (PDEx),...