
“[I]t is totally unacceptable and unconscionable to place the respondents act and imprimatur on these issues that seriously endanger the integrity of [the] entire securities market. For this commission to cop-out and to close its eyes to these acts and deeds, while convenient, would be to abandon its duty of safeguarding public interest and the integrity of the capital market,” the SEC said.

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Local shares fell on Friday as investors make last-minute adjustments to their portfolios ahead of the main index’s rebalancing, while unease over rising infections grows.