PSE confirms shutdown of 50-year-old brokerage firm due to P700-M theft | ANC Highlights

A multi-million peso theft rocks one of the oldest stock brokerage firms here in the Philippines.

The Philippine Stock Exchange confirms the 50-year-old 'R&L Investments Incorporated' shut down this week after losing more than P700-million, or about $13.9 million dollars worth of stocks it was holding for its clients.

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