Due Diligencer hopes the Securities and Exchange Commission (SEC) is serious in doubling to 20 percent the minimum public float of new listings on the Philippine Stock Exchange (PSE). Having learned the intricacies of market trading, they could educate the public investors about their responsibility as stockholders of listed companies. However, the good commissioner, along with the entire SEC for that matter, would be doing the public something much better than doubling to 20 percent the public float of listed companies. For instance, instead of increasing the required minimum of the public float, why not review the present 10-percent minimum public ownership rule first to see if that is being followed by the listed companies? Is the SEC really serious about raising the public float to 20 percent from 10 percent?

Source: Manila Times October 26, 2017 16:30 UTC