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SEC, Tarlac Capitol partner vs investment scams

TARLAC CITY (PIA) -- The Securities and Exchange Commission (SEC) and the provincial government of Tarlac partnered against investment scams.

It was sealed through the signing of a Memorandum of Agreement for project SEC Communication, Advocacy, and Network (SEC-CAN), which aims to strengthen the campaign against scams, illegal financing schemes, and money laundering.

SEC Tarlac Extension Office (TEO) Director Richard Laus said the collaboration will shed light on the fundamentals of investing, financial literacy, investor protection, and investment scams.

“SEC-CAN seeks to educate the investing public about their rights and options, encourage entrepreneurs to incorporate and guide them in doing so, and inform stakeholders about the programs, services, and other policies the commission implements,” he added.

In the project, SEC commits to provide resource persons and facilitators for the training to be conducted by the provincial government in relation to financial literacy, investor protection and SEC reportorial requirements.

It will also assist beneficiaries of the Public Employment Service Office in their registration and compliance with regulatory requirements.

Recently, SEC-TEO awarded Certificates of Incorporation to a total of 18 newly-registered Agrarian Reform Beneficiaries Organizations. (CLJD/GLSB-PIA 3)

(From left) Tarlac Governor Susan Yap, Securities and Exchange Commission Tarlac Extension Office (SEC TEO) Director Richard Laus, and SEC TEO Securities Counsel II Maria Theresa Reotutar sign a Memorandum of Agreement for Project SEC Communication, Advocacy, and Network. (Gabriela Liana S. Barela/PIA 3)

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William Beltran

Regional Head

Region 3

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