Veteran PSE directors take SEC term rule to court

MANILA, Philippines — Two longtime Philippine Stock Exchange (PSE) directors have asked the Court of Appeals to strike down a Securities and Exchange Commission (SEC) rule that limits the tenure of broker-directors. Eddie T. Gobing and Ma. Vivian Yuchengco filed a petition for certiorari and prohibition challenging SEC Memorandum Circular No. 17, series of 2026. READ: