What is the fine structure imposed for contempt of the SEC?
Any person who fails or refuses to comply with a lawful order, decision, or subpoena issued by the SEC, without justifiable cause, shall be held in contempt after due notice and hearing (SEC. 157, Revised Corporation Code of the Philippines). The resulting fine imposed shall not exceed Thirty thousand pesos (P30,000.00). Furthermore, if the refusal amounts to a clear and open defiance of the SEC’s order, decision, or subpoena, the SEC may impose an additional daily fine of One thousand pesos (P1,000.00). This daily fine continues until the order, decision, or subpoena is fully complied with, incentivizing immediate obedience to regulatory directives.
31 October 2025
About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
