Connect with us

Hi, what are you looking for?


PSE warns public on unauthorized use of logo, name

THE Philippine Stock Exchange, Inc. (PSE) warned investors about a fraudulent scheme using its name and logo that targets foreigners residing in the country.

In a memorandum posted on its website, the stock market operator said it had received information that the PSE’s name and logo were used in falsified documents that certify stock ownership of several listed shares.

The PSE added that its name and logo were also used in documents that display the fees or charges to facilitate the liquidation of stock investments.

“The PSE does not certify shareholdings in listed companies because the records of legal and/or beneficial owners are in the possession of the stock transfer agent appointed by the listed firms,” the memorandum said.

“Fees and taxes incurred in a sale transaction, on the other hand, are deducted from the proceeds of the selling transaction,” it added.

According to the memorandum, the documents are included in an illegal scheme that targets foreign residents.

It added that there is no existing agreement between the PSE and the Philippine Deposit Insurance Corp., which allows the former to assign an officer of the insurer to confirm an individual’s shareholdings.

The PSE refutes any obligation or liability for any action that may have been taken as a result of the fraudulent scheme, it said.

The memorandum warned the public to be vigilant and cautious regarding any documents that have supposedly come from the PSE, adding that verification should be done.

“If names of individuals are indicated on documents, it would be prudent to get in touch with PSE or the company they are supposedly connected with to ascertain their affiliation,” the PSE said.

“Check the contact details used such as the office address, e-mail address, telephone number to determine whether these information are accurate and official,” it added. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



By Luisa Maria Jacinta C. Jocson, Reporter FACTORY ACTIVITY in the Philippines expanded for a tenth month in a row in November, although jobs...


Passengers wait inside the Ninoy Aquino International Airport Terminal 3 in Pasay City, Oct. 29. The growth in remittances is expected to slow next...


By Revin Mikhael D. Ochave, Reporter THE JOINT Foreign Chambers of the Philippines (JFC) is now targeting to generate $128 billion in foreign direct...


LOCAL GOVERNMENT units (LGUs) should be given more time for the smooth transition of devolved functions from the National Government (NG) agencies, according to...


IN separate advisories, the Securities and Exchange Commission (SEC) has warned the public not to invest in CashBaka, Hero Mining International Group, and


D.M. CONSUNJI, Inc.’s (DMCI) order book declined by 8.1% to P45.3 billion for the past three quarters from P49.3 billion in the same period...

You May Also Like


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.