Goldberg & Partners, Inc.

SECURITIES AND EXCHANGE COMMISSION City of Manidaluyong, Metro Manila REPUBLIC OF THE PHILIPPINES SEC Building, EDSA, Greenhills DEPARTMENT OF FINANCE KAhAYAAN OO c

IN THE MATTER OF GOLDBERG & PARTNERS, INC. CED CASE NO. 01-2621

CEASE AND DESIST ORDER

& PARTNERS, INC., who claimed that they have been defrauded of their investments in foreign currency (US$) in connection with its investment solicitation and foreign securities dealing/brokering activities. Subject of numerous complaints from its foreign investors/clients is GOLDBERG

on March 15, 2001 under SEC Registration A200018861, the purpose of which is primarily as follows, to wit: Records show that the subject corporation is duly registered with the Commission

management of funds securities, portfolio of managed entities..." investment opportunities, provided the corporation shall not engage as securities and financial advisor "or engage in the . to carry out management consultancy; identify and develop

articles of incorporation as approved by the Commission do not show the inclusion of such business purpose. Subject corporation is not authorized to solicit investments from the public as its

the buying and selling of securities and considering the serious nature of the misrepresentation committed and the commission of "ultra vires" act, there is an urgent necessity to restrain or enjoin subject corporation from engaging in the business of broker/dealer in securities and in the authorized solicitation of investment in order to safeguard and protect the interest of the investing public in general. As GOLDBERG & PARTNERS; INC. has not been issued a license to engage in

and any or all persons claiming and acting under the authority are hereby ordered to law, GOLDBERG & PARTNERS, INC., its officers/directors, agents, representatives CEASE AND DESIST from soliciting and or accepting money for investment purposes WHEREFORE, pursuant to the power and authority vested to the Commission by

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and also from accepting orders to buy and sell shares of stock or other form of securities or otherwise engage in the business of a broker/dealer in securities.

Desist Order, may within five (5) days from receipt of this Order, file a formal request for the lifting thereof. In accordance with law, the above specified persons subject of this Cease and

SO ORDERED

City of Mandaluyong, Metro Manila, August 2, 2001

Chairperson TSTA

E ELOISA C. GLORIA CD MARTINET

Commissioner Commissioner

Iun

DSELIA POBLADOR JUANITA CUETO

Commissioner Commissioner