By Eileen Mencias
The Capital Markets Integrity Corporation (CMIC) has lifted the involuntary suspension on Globalinks Securities & Stocks Inc. after the company raised additional capital.
The CMIC announced the lifting of the suspension on October 14, which took effect the same day.
Globalinks Securities was previously suspended for failing to meet the required risk-based capital adequacy ratios. The company submitted documents related to the capital infusion, which the CMIC validated and recalculated to determine whether it met the key capital adequacy ratios.
“After its review, CMIC determined that GLOBALINKS has substantially proven its compliance with the material capitalization requirements,” CMIC president Gerard B. Sanvictores said. “As a consequence of these findings and pursuant to the relevant rules, the involuntary suspension of Globalinks shall be lifted today, 14 October 2025.”
Globalinks Securities was placed under involuntary suspension on July 9, 2025, for material breaches of the key risk-based capital adequacy ratios, which the CMIC said would be lifted once the capital requirements were met.
Sanvictores reminded Globalinks Securities that it “has to ensure that it consistently applies the prescribed formulas under the pertinent regulations.”
He also warned that appropriate disciplinary actions will be taken should there be subsequent violations.
Globalinks lists David L. Wuson as its nominee and Jose Ivan T. Justiniano as its associated person.
