Question

1. Antonio owns a company engaged in selling securities to the public. Recently, the company has been receiving complaints from investors regarding false information provided in the company's prospectus. As the corporate secretary, Antonio wants to ensure compliance with the Securities Regulation Code (R.A. No. 8799). What are the duties and responsibilities of the company under Sections 8 to 10 of the Securities Regulation Code in relation to the submission, updating, and dissemination of the prospectus?

2. XYZ Corporation is planning to conduct an initial public offering (IPO) to raise funds for its expansion. Robert, a potential investor, wants to know the required contents of the registration statement to be filed with the Securities and Exchange Commission (SEC) before the IPO. Under Section 8 of the Securities Regulation Code, enumerate and briefly explain the necessary information that should be included in the registration statement.

3. Maria is a securities broker engaged in buying and selling securities on behalf of her clients. She recently received a tip from an insider about an upcoming merger between two listed companies. Recognizing that insider trading is prohibited under the Securities Regulation Code, what are the consequences of engaging in insider trading as defined in Section 9 of the Securities Regulation Code? Discuss at least two penalties that can be imposed on individuals found guilty of insider trading.