The Capital Markets Integrity Corp. disclosed disciplinary actions against dozens of trading participants from Oct. 2, 2025 to Sept. 25, 2026, with monetary penalties dominating the list although the regulator did not disclose their peso amounts.
CMIC is the PSE’s independent regulatory arm, policing brokers to ensure they follow market rules and protect investors.
Among the firms that stood out were Globalinks Securities & Stocks Inc. and Mount Peak Securities Inc., which accumulated lengthy strings of monetary penalties covering multiple regulatory requirements.
Globalinks had also been suspended in July 2025 for continuing breaches of capitalization is this accuae bsed on soure? requirements before the suspension was lifted in October, while Mount Peak remains suspended.
The sanctions extended well beyond the two firms, covering customer funds, books and client records, capital adequacy calculations, supervision and regulatory reporting.
Philippine Equity Partners, whose managing director and nominee Lorenzo Andres Roxas joined the Philippine Stock Exchange board in July, received three monetary penalties involving capital and operational-risk requirements, customer protection and supervision.
Wealth Securities, chaired by former PSE chair Wilson Sy, was separately cited for violations that resulted in written reprimands and monetary penalties.
Diversified Securities and G.D. Tan & Co. were among firms sanctioned under rules tied to Presidential Decree No. 154, showing how decades-old securities requirements remain part of the compliance net.
CMIC also handed out written reprimands for less severe breaches.
—Edited by Miguel R. Camus
