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    Investigation Reviewer

    Uploaded by

    Glen Valdezco

    Copyright:

    © All Rights Reserved
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    Investigation Reviewer

    Uploaded by

    Glen Valdezco
    2 views2 pages

    Original Title

    INVESTIGATION-REVIEWER

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    © © All Rights Reserved

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    2 views2 pages

    Investigation Reviewer

    Uploaded by

    Glen Valdezco

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    SEC CAUSE OF PENALTY PENALTY/FINE

    Person refuses to comply Not exceeding 30,000


    with any lawful order,
    decision, or subpoena issued
    by the commission, after due
    157: Contempt
    notice and hearing

    Clear and Open defiance Daily fine of 1,000 until


    complied with

    After due notice and hearing, 1. Fine 5,000 -


    provision, rules, regulation 2,000,000 and not
    has been violated more than 1,000 each
    day not exceeding
    2,000,000
    2. Issuance of
    158: Administrative Sanctions permanent cease and
    desist order
    3. Suspension/revocatio
    n of certificate of
    incorporation
    4. Dissolution and
    Forfeiture

    159. Unauthorized use of Unauthorized use of Corp 10,000 - 200,000


    Corp Name Name

    Violation of Sec 26 10,000 - 200,000


    permanently disqualified -
    160. Violation of discretion of court
    Disqualification
    If injurious or detrimental to 20,000 - 400,000
    the public

    Failure to comply with Secs 10,000 - 200,000 discretion of


    161 Violation of duty to 45, 73, 92, 128, 177 court
    maintain record, allow
    inspection, reproduction If injurious or detrimental to 20,000 - 400,000
    the public

    Incomplete, inaccurate, false, 20,000 - 200,000


    or misleading information or
    162 Willful certification of
    statements
    incomplete, inaccurate, false,
    or misleading information or
    If injurious or detrimental to 40,000 - 400,000
    statements
    the public, the auditor or
    responsible person

    163 Independent Auditor Collusion with the corp’s 80,000 - 500,000


    Collusion directors, certifies the corps
    fs despite incompleteness or
    inaccuracy

    If the statement/report 100,000 - 600,000


    certified is fraudulent or
    causes injury to the general
    public, the
    auditor/responsible officer

    Formation of Corporation 200,000 - 2,000,000


    through fraud, directly or
    164 Obtaining Corporation indirectly
    Registration through fraud
    If injurious or detrimental to 400,000 - 5,000,000
    the public

    Fraudulent Conduct of 200,000 - 2,000,000


    Business
    165 Fraudulent Conduct of
    Business
    If injurious or detrimental to 400,000 - 5,000,000
    the public

    Corp used for fraud, 100,000 - 5,000,000


    166 Acting as intermediaries
    committing graft and corrupt
    for graft and corrupt practices
    practices

    167 Engaging Intermediaries Appointment of 100,000 - 1,000,000


    for Graft and Corrupt intermediaries for corp’s
    Practices benefit

    Director, trustee, or officer 500,000 - 1,000,000


    who knowingly fails to
    168 Tolerating Graft and
    sanction, report, or file
    Corrupt Practices
    appropriate action/ tolerates
    graft and corrupt practices

    Any person who knowingly 100,000 - 1,000,000


    169 Retaliation against and with the intent to retaliate
    Whistleblower commits acts detrimental to
    the whistleblower

    Violation of any of the other 10,000 - 1,000,000


    170 Other Violations
    provisions

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