Government Fails to Protect Investors' Assets

The government had to pay millions because it failed to do its job. A brokerage firm

was secretly misusing its clients' stocks, and the government regulator knew something was wrong for years

but didn't act. When the firm was finally suspended, clients discovered their investments

had vanished. Two victims who lost over 33 million pesos sued the government for negligence.

After a long legal battle, the Supreme Court sided with the victims. It ruled that the

regulator failed in its duty to supervise and ordered it to pay back the exact value of the lost

stocks.