THE National Bureau of Investigation Thursday said operatives of NBI-Anti-Organized and Transnational Crime Division arrested a former Philippine Stock Exchange employee for estafa last November 23 in Kamuning, Quezon City.
The NBI identified the suspect as Jose Cecilio “Jay” Peñaflor.
According to PSE and Securities and Exchange Commission officials, Peñaflor represented himself as associated with the PSE and certain registered brokers like Regina Capital Development Corp., H.E. Bennett Securities Inc. and Venture Securities Inc.
But the regulator stressed Peñaflor was not registered with the commission.
The case against Peñaflor stemmed from a complaint filed by Joyce Marie Jao who was enticed by the accused to put up an investment involving purchase of stocks of ABS-CBN Corp. that allegedly guaranteed considerable profit.