Boiler Room Movie Review

I have asked my researcher to look for a copy of the 2000 film "Boiler Room". She found a vhs copy which hopefully can be transferred to vcd. In any case, I found a good review in this site. It is really a very interesting film. Click here.

People v. Rosenthal

The case People v. Rosenthal (G.R. Nos. L-46076 and L-46077 June 12, 1939) will be discussed in class on July 3, 2004. Please study the same. The online copy is found here

For the Class on July 3

Please read the following article. It will help you understand the provisions on registration of securities.

Click here

Points to Consider After the First Class

I hope the class understood the basic point in our class last Saturday regarding the structure of the capital markets and how the Securities Regulation Code operates in that environment. Essentially, the Securities Regulation Code (SRC) is meant to protect the savers from unsound practices and --in general-- any fraudulent conduct that may be perpetrated by the financial intermediaries or the spenders. These savers include the victims of the Multitel scam and the BW scam. For this reason, almost every aspect of the capital market is regulated by the law -- from the issuance of the securities to the trading of securities.

But here are some questions that linger and may be worthwhile reflecting on:

1. How come the perpetrators of the BW scam have not been convicted after all these years?

2. What has the SEC accomplished since the enactment of the SRC?

3. What is the level of compliance with the SRC among the professionals and entities in the securities business?

4. Can the public still trust the Philippine Stock Exchange (PSE) in spite of the fact that a lot of those involved in the BW scam are still operating in it?

Of course, a lawyer never asks a question unless he knows the answer.

WELCOME!

My name is Marvin B. Aceron and I will be teaching the course on Securities Law for the first semester of this year in the School of Law of Araullo University in Cabanatuan City.

This blog will serve as an extension of the class room discussion. Feel free to visit regularly to view additional notes and reading materials on the subject of Philippine Securities Law.

Students will be encouraged to post their comments and views. If you want to join, please send me your email address so I can send you your invitation.

I took this job of teaching Securities Law because it gives me an opportunity to look back at my years in a big law firm in Makati handling mostly securities projects in the late 90s. I also had a shot at securities litigation when I worked for a team which handled the BW cases for one of the respondents. I likewise filed cases against a notorious securites broker who has since left the country. I was never really sure if I handled the cases just right. Perhaps, the academe will help me put everything in perspective and help me be a better lawyer.

To the students who have enrolled in my class, I hope you will learn from this exercise as well.