Bill Type
Congress Name
Long Title
AN ACT TO PENALIZE ACCOUNTING AND AUDITING IMPROPRIETIES AND OTHER FORMS OF CORPORATE FRAUD AT PUBLICLY TRADED COMPANIES AND FOR OTHER PURPOSES
Date filed
August 2, 2002
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 5067, 12th Congress of the Republic | |
| FULL TITLE : AN ACT TO PENALIZE ACCOUNTING AND AUDITING IMPROPRIETIES AND OTHER FORMS OF CORPORATE FRAUD AT PUBLICLY TRADED COMPANIES AND FOR OTHER PURPOSES | |
| ABSTRACT : "corporate Fraud Accountability Act of 2002." Whoever knowingly executes a scheme or artifice: (1) To defraud any person in connection with any security registered under Section 8 of the Securities Regulation Code (RA 8799); (2) To obtain by meansof false or fraudulent pretencese, representations , or promises, any money or property in connection with the purchase or sale of any security registered under Section 8 of the Securities Regulation Code shall be fined hereunder imprisoned for notmore than 30 years, or both. | |
| PRINCIPAL AUTHOR/S : GUNIGUNDO, MAGTANGGOL I T. | |
| DATE FILED : 2002-08-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Uy (009 ) | 2. Tulagan (007 ) |
| 3. Umali (009 ) | 4. Calalay (007 ) |
| 5. Ylagan (009 ) | |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2002-08-07 |
Abstract
"corporate Fraud Accountability Act of 2002." Whoever knowingly executes a scheme or artifice: (1) To defraud any person in connection with any security registered under Section 8 of the Securities Regulation Code (RA 8799); (2) To obtain by meansof false or fraudulent pretencese, representations , or promises, any money or property in connection with the purchase or sale of any security registered under Section 8 of the Securities Regulation Code shall be fined hereunder imprisoned for notmore than 30 years, or both.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.