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CODE
SECURITIES
• - are shares, participation or interests
• in a corporation or in a commercial
enterprise or profit-making venture
and
• evidenced by a certificate, contract,
instrument,
It may be:
1) A material fact which would be likely, on being
made generally available to effect the market
price of a security to a significant extent; or,
2) One which a reasonable person would
consider especially important in determining
his course of action with regard to the shares
of stocks. (SEC vs. Interport, G.R. No. 135808,
October 6, 2008
PUBLIC COMPANY