SEC-EIPD Case No. 13-3020PCCI Securities Broker Corp. Respondent.

Exchange Securities and Commission

ENFORCEMENT & INVESTOR PROTECTION DEPARTMENT

In the matter of Officers and Employees of PCCI Securities Broker Corp. EIPD Case: 13-3020

FRANCISCO M. LIBORO MS. CORAZON GALANG President Vice-President and Treasurer

MS. PLACIDA M. ORLINA MR. JOEMARIE G. BIATEN Finance Officer Compliance Office

MR. RAYMOND LIM Order Taker

X

ORDER

The Securities and Exchange Commission wishes to announce to the public that the above-named individuals have entered into a settlement offer with Commission.

The settlement offer was made upon findings of the EIPD of violations of the Securities Regulation Code and the subsequent issuance of Amended Order dated 27 April 2022 where it imposed a penalty of Php6,050,000.00 for the following violations:

MR. FRANCISCO LIBORO Sec. 51.4(Aiding and Abetting Sec. 26.1 (Fraudulent Transaction) Php 1,000,000.00

Violation of the SRC) Php 1,000,000.00 MS. CORAZON GALANG Sec. 51.4 Php 350,000.00

MR. JOEMARIE G. BIATEN Sec. 26.1 (Fraudulent Transaction) Sec. 51.4 (Aiding and Abetting Php 1,000,000.00 Php 1,000,000.00 Violation of the SRC)

Sec. 54 (Violation of Order Ticket Rule, 213 had no Time and Date Stamps) Php 1,000,000.00 MS. PLACIDA ORLINA 1. Sec. 51.4 Php 350,000.00 MR. RAYMOND LIM Php 350,000.00 Sec. 51.4

TOTAL Php 6,050,000.00

In view of the foregoing, respondents made a settlement offer in the amount of Three Million Three Hundred Thirty Thousand (Php 3,630, 000.00) or Sixty Percent (60%) of the fine imposed by the EIPD.

In their Settlement Offer, PCCI stated that it had been on voluntary suspension since 2018 and at the time of the offer, its permanent cessation of trading has already been approved by the Philippine Stock Exchange (PSE) and by the Capital Markets Integrity Corporation (CMIC). Consequently, a clearance for PCCI is being sought from the Commission in order to sell its "trading rights" at the PSE Bourse.

Based on the reasons cited, the Commission accepted the Settlement Offer and issued therefor Official Receipt No. 2197601. Consequently, the case is now deemed settled without determination of fault or guilt of the part of the above-named officers and employees of PCCI Securities Broker. Corporation .

Only upon publication in the website of SEC shall this settlement offer become effective pursuant to the Rule 55.1 No. 2 [g] on Settlement Offer of the 2015 IRR of the Securities Regulation Code.

SO ORDERED.

16 March 2023, Makati City

OLIVER O.LEONARDO

Director