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STEx

The document discusses a case where Roberto 'Bobby' Ongpin was found guilty of insider trading by the Philippine Securities and Exchange Commission. Ongpin bought shares of Philex Mining Corporation while in possession of non-public information that First Pacific would purchase a large stake in Philex. As a result, Ongpin was barred from being an officer of any listed company and fined $17.4 million. The document also provides tips for avoiding insider trading such as education and training employees on regulations.

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Colleen Guimbal
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68 views6 pages

STEx

The document discusses a case where Roberto 'Bobby' Ongpin was found guilty of insider trading by the Philippine Securities and Exchange Commission. Ongpin bought shares of Philex Mining Corporation while in possession of non-public information that First Pacific would purchase a large stake in Philex. As a result, Ongpin was barred from being an officer of any listed company and fined $17.4 million. The document also provides tips for avoiding insider trading such as education and training employees on regulations.

Uploaded by

Colleen Guimbal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

 a publicly traded firm by an

insider to benefit from insider


information.
 trading of a public company’s
stock or other securities
(such as bonds or stock
options) by individuals with
access to non-public
information about the
company.
 When the corporate insiders
trade in their own securities,
they must report their trades to
the SEC.

Jens Martensson 2
Roberto “Bobby” Ongpin
Ongpin guilty of insider trading

• Presently the chairman of listed firms PhiliWeb


Corp. and Atok Big Wedge Inc.
• SEC found Ongpin guilty of insider trading
when he bought Philex shares in 2009, when
he was then a minority shareholder of the
mining firm, while in possession of nonpublic
material information that Hong Kong-based
First Pacific Co. would purchase a huge chunk
of Philex shares.
• He is now barred from being an officer of any
listed firm and was ordered to pay P17.4
million by the Securities and Exchange
Commission, after the regulator found him
guilty of insider trading.

Jens Martensson 3
Jens Martensson 4
How to avoid Insider Trading?
• Communication
• Regular communicating with employees
about the threat of fraudulent activities such
as insider trading is essential.

• Education & Training


• Changing regulations in every industry is
making training increasingly more important.
• Use engaging and innovative new methods
of training for employees.
• Advances in technology over the past decade
have meant that an abundance of training
types

Jens Martensson 5
Thank you 

[Link]
[Link]

Jens Martensson 6

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