Rappler may seek remedies to SEC closure order – Palace | Inquirer News

Rappler may seek remedies to SEC closure order – Palace

By: - Reporter / @DYGalvezINQ
/ 11:02 PM June 29, 2022

Secretary Martin Andanar. STORY: Rappler may seek remedies to SEC closure order – Palace

Secretary Martin Andanar, acting presidential spokesperson. (INQUIRER.net FILE PHOTO)

MANILA, Philippines — Online news organization Rappler can avail of remedies to the closure order of the Securities and Exchange Commission (SEC), Malacañang said Wednesday.

“Let the law take its course, and allow the Securities and Exchange Commission to perform its mandate,” Secretary Martin Andanar, acting presidential spokesman, said in a statement.

ADVERTISEMENT

But he added: “Rappler may avail of remedies accorded to it by law.”

FEATURED STORIES

Rappler CEO Maria Ressa earlier announced that the SEC had affirmed its earlier decision to shut down the online news organization.

“We were notified by our lawyers of this ruling that effectively confirmed the shutdown of Rappler,” the company’s statement read.

Ressa said Rappler would appeal the decision “especially since the proceedings were highly irregular.”

The SEC first ordered the revocation of Rappler’s license to operate in 2018.

In a 29-page ruling, it said the online media outfit was “liable for violating the constitutional and statutory Foreign Equity Restrictions in Mass Media enforceable through rules and laws within the mandate of the Commission.”

Rappler later asked the Court of Appeals to annul the decision, saying that its right to due process was violated when the order was released without a formal charge.

ADVERTISEMENT

RELATED STORY

SEC has ordered Rappler shutdown, says CEO Ressa 

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

‘No finality yet’: Rappler to appeal SEC shutdown order

SEC says shutdown order vs Rappler serves ‘public interest’

TAGS: Maria Ressa, Rappler

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.