PRC: Stem cell group submitted fake SEC registration.      At a press conference in Manila on Monday, March 17,      Professional Regulation Commission chairperson Teresita      Manzala said the PRC endorsement documents allegedly      submitted by the Philippine Society for Stem Cell Medicine      (PSSCM) to the Securities and Exchange Commission (SEC) were      fabricated and have her tampered signature. The SEC      previously revoked the corporate registration of the PSSCM.      Danny Pata    
    In a statement, Professional Regulation Commission (PRC) chair    Teresita Manzala said she has asked the Professional Regulatory    Board of Medicine (PRBOM) to initiate, investigate and file    charges against doctors Leo Olarte, Bu Castro, Rey Melchor    Santos, Oscar Tinio and Jose Asa Sabili before the PRCs legal    division.  
    Olarte is the current president of the PMA.  
    The five doctors are all incorporators of the Philippine    Society for Stem Cell Medicine (PSSCM,) which was able to    obtain an SEC certificate despite previously being denied    corporate registration. They were able to do this, said the    statement, by submitting false PRC endorsements to the    commission.  
    The PRBOM eventually got hold of a copy of the SEC    Registration. On examination of the supposed PRC Endorsement,    it was noted that the reference regulatory law used was the    Philippine Veterinary Law of 2004, instead of Republic Act    2382, otherwise known as the Medical Act of 1959, and there    appeared a signature of the PRC Chairperson, the PRC statement    said.  
    Manzala said complaints were filed against the doctors for    unprofessional, dishonorable and unethical conduct.  
    According to the statement, the incorporators later denied    participation in obtaining the SEC registration, instead naming    a Dr. Mike Aragon as the person who obtained the    certification.  
    In a notarized affidavit submitted to the PRBOM, 'Dr. Mike    Aragon' declared that he was the person authorized to register    a corporation to be called 'Philippine Society for Stem Cell    Medicine' and admitted paying 15,000 pesos to a trading company    for them to file the necessary documents for incorporation of    the PSSCM, the PRC statement said.  
    But Aragon claimed to have had no participation whatsoever in    the actual processing of the SEC papers for incorporating the    PSSCM.  Patricia Denise    Chiu/BM, GMA News
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5 doctors charged with falsifying papers to get certificate for stem cell group