INQUIRER.net: SEC collects record high P2.7B in 2012

INQUIRER.net Philippine News for Filipinos

SEC collects record high P2.7B in 2012 Jan 13th 2013, 17:54 MANILA, Philippines—The Securities and Exchange Commission chalked up a record-high collection of P2.7 billion in 2012 as robust capital markets encouraged more securities registration.   Last year's collection marked a 43.57 percent increase in earnings from the previous year—mostly driven by registration filing fees—and beat the target of P1.2 billion for the year.   About 85 percent of the SEC's earnings, SEC chairperson Teresita Herbosa said, came from securities registration fees. The balance of 15 percent came from fines and penalties.   Based on her discussions with big corporations, Herbosa said 2013 would likely be another good year. ... Keep on reading: SEC collects record high P2.7B in 2012 Media files: sec.jpg (image/jpeg)

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