On Aug. 3, 2026, the Capital Markets Integrity Corporation announced the suspension of Benjamin Co Ca & Co., Inc., restricting its access to the Philippine Stock Exchange’s trading system as well as the clearing and depository facilities used to settle transactions.
The suspension took effect on July 31 and will remain in place until CMIC determines the brokerage has complied with regulatory requirements and that the interests of investors and the market are safeguarded.
CMIC did not disclose the specific reason behind the action.
Clients can transfer holdings
Despite the suspension, clients may transfer their securities to another brokerage firm and complete sell transactions, subject to CMIC approval.
Benjamin has also been directed to immediately notify affected clients of the suspension and assist them so their interests are not unduly prejudiced.
The memorandum also said proprietary trading by the brokerage and transactions involving related parties may be prohibited during the suspension.
—Edited by Miguel R. Camus
