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CA 83 Section 21

Manipulative and deceptive devices.

Section 21

SEC. 21. Manipulative and deceptive devices.—It shall be unlawful for any person, directly or indirectly, by the use of any facility of any securities exchange— To effect a short sale, or to use or employ any stop-loss order in connection with the purchase or sale of any security registered on a securities exchange, in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors. To use or employ, in connection with the purchase or sale of any security, any manipulative or deceptive device or contrivance, in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER V.—Registration of Exchanges →

Other provisions in CHAPTER V.—Registration of Exchanges

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationCA 83 Section 21 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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