Dumaguete Info Search


PSE warns investors to deal only with licensed stock brokers

Discussion in 'Banking - Investing - Finances' started by Rye83, Dec 8, 2015.

Best Posts in Thread
  1. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

    Messages:
    13,106
    Trophy Points:
    451
    Occupation:
    FIRE
    Location:
    Valencia
    Ratings:
    +16,069 / 3,795
    Blood Type:
    O+

    PSE warns investors to deal only with licensed stock brokers
    GMA News
    Investors planning to enter the stock market must exercise caution and transact only with accredited brokerage firms, the Philippine Stock Exchange (PSE) said on Tuesday.
    "We are alarmed by reports that have reached us about unscrupulous practices that are perpetuated to scam potential stock market investors," PSE President and CEO Hans B. Sicat said in an emailed statement.

    "These practices not only cheat the victims of their money but also unduly stains the reputation of the stock market among retail investors," he said.

    According to the local bourse, potential investors should open their own account with PSE-accredited brokerage firms and transact only with its employees.

    and more »

    Continue reading...

    Are they really "alarmed"? :meh: You can't walk a block without someone trying to run a con on you. Why would their stock market be any different?
     
    • Agree Agree x 2
    • Informative Informative x 1
    Rye83, Dec 8, 2015
    #1
  2. KINGCOLE

    KINGCOLE DI Senior Member Highly Rated Poster

    Messages:
    685
    Trophy Points:
    271
    Occupation:
    RETIRED
    Location:
    BATINGUEL
    Ratings:
    +984 / 443
    Blood Type:
    A+
    If it sounds too good to be true, then it's 99% in all probability a scam. This applies to foreigners and filipino con artists.
     
    KINGCOLE, Dec 11, 2015
    #2
Loading...