The Philippine Court of Appeals today March 24 ordered the Securities and Exchange Commission to halt its investigation of possible insider dealing in the shares of gaming group BW Resources Corporation less than 24 hours before the regulatory body was due to present its preliminary findings to the Justice Department.
The order will remain in effect until the court has ruled on the legality of the SEC probe and was issued in response to a petition by Jimmy Juan,áone of 11 individuals and companies the report says should be prosecuted.
Followers of the proceedings say Juan is acting at the behest of Dante Tan, his employer who is also mentioned...
