Insiders’ market transactions

stockholders, who are made to appear as the controlling stockholders of the company although they are actually not allowed to elect their own nominees to the board.

Even stockbrokers who hold common shares in listed companies are prohibited from board membership despite their sig stockbrokers from getting elected directors. If so, business owners should not have been allowed to nominate and appoint their independent directors.

In the first place, there is no such thing as independent directors because the board does not tolerate independence. The familynominated directors, to borrow an adage, simply “follow the leader.” Would any of these nominees go against the wishes of the majority?

Insider trades

Among the postings is Form 23B, which contains “statement of

Form 23- B, however, is not enough to inform the public about companies. It is up to investors to scrutinize every disclosure posted on the PSE website.

As earlier suggested here, public stockholders have three ownership - selves with the country’s rich, very rich and famous, who are, in short, the owners. These three ownership stockholders 2) the public ownership reports, and 3) the general information sheets.

The only problem with some listed companies lies in the iden shares carried by PCD Nominee Corp., which acts only as their record stockholders.

It is up to the public to take the initiative to familiarize themselves with the names of business owners. In so doing, they would be able to monitor the transactions of company insiders, like the members of the board, top and ordinary executives and those they know as being privy to the board.

As traders of listed shares, the public investors also enjoy an “advantage” over insiders. Like stockbrokers, they are also closely watched by the SEC’s monitoring team.

From the public

I received an email from a reader of TheManilaTimes asking me how he could get rich by investing in listed stocks.

I am sorry to disappoint this reader because I consider myself as a reporter writing about listed stocks based on disclosures. What www.edge.portal.com.ph are the same information and data I write about every Monday, Wednesday and Friday. Need I say more?