Practice question
Explain the CMEPA distinction under amended Section34(E)(2) between a worthless security that is a capital asset and securities held by a duly licensed securities dealer or other covered trading entity. Do not assume every private investor is a licensed dealer.
Legal references
- RA12214 CMEPA: https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html Section9 amending NIRC34(E)(2).
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