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8. Enlist the aid and support of and/or deputize any and all
enforcement agencies of the government as well as any private
institution, corporation, firm, association or persons in the
implementation of its power.
9. issue cease and desist orders to prevent fraud or injury
Exceptions:
1. Exempt Securites (Sec 9)
2. Exempt Transactions (sec 10)
What are Exempt Securities? (Sec 9)
1. Any security issued or guaranteed by the Philippine
Government
2. Any security issued or guaranteed by the government of any
country which the Philippines maintains diplomatic relations
3. Certificates issued by a receiver or by a trustee in bankruptcy
4. Any security which is under the supervision of the Office of
the Insurance Commission, HLURB or the BIR.
5. any security issued by a bank
6. any security added by the SEC by rule or regulation after a
public hearing
What are exempt transactions? (Sec 10)
1. Judicial sale by executor/administrator in insolvency or
bankruptcy.
2. sale of pledged/morgaged security to liquidate a debt
3. sale on isolated transactions by owner.
4. distribution of stock dividends
5. sale of capital stock exclusively to stockholders where no
commission is paid
6. the insurance of bonds or notes secured by mortgage upon real
estate or tangible personal property, where the entire mortgage
are sold to a single purchaser at a single sale.
7. Issuance of security in exchange of any security from same
issuer pursuant to right of conversion.
8. broker's transaction
9. pre-incorporation subscription
A short sale is the sale of an asset or stock the seller does not
own. It is generally a transaction in which an investor sells
borrowed securities in anticipation of a price decline; the seller
is then required to return an equal number of shares at some
point in the future.
What is a Short? (or Short Position)
A short, or a short position, is created when a trader sells a
security first with the intention of repurchasing it or covering it
later at a lower price.
Example:
A trader thinks that Amazon’s stock is poised to fall after it reports
quarterly results.
The trader than goes out and sells short the 1,000 shares for $1,500each
share.
Example: A stock put option with a strike price of $10 means the
put option buyer san use the option to sell that stock at $10
before the option expires
What is a Call?
-A call is an option that, in consideration of a premium paid,
entitles the buyer the right to compelt the seller to deliver to
him (simply right to buy) a certain number of shares within a
given time at a stipulated price which is usally higher than the
prevailing marker price at teh time the call is bought.
The strike price is the price at which an option buyer can buy the
underlying asset. For example, a stock call option with a strike
price of 10 means the option buyer can use the option to buy
that stock at $10 before the option expires.
What is a Straddle?
A Straddle is a double privilege of a PUT and a CALL.
What is a Wash Sale?
A Wash sale is the operation of simultaneously buying and selling
the same stock. it is any transaction in any security which
involves no change in the beneficial ownership thereof.
1. issuer