CEBU CITY -- The Securities and Exchange Commission-Cebu Extension Office (SEC-CEO) has secured the commitment of three groups for the SEC Cebu CAMPAIGN Network, which it sets to launch today, April 29 (Friday) at 10:00 AM.
The event will be livestreamed on the Commission's official Facebook page (https://www.facebook.com/PhilippineSEC).
Together with the other eight SEC extension offices in the country (Baguio, Legazpi, Tarlac, Bacolod, Davao, Iloilo, Cagayan de Oro and Zamboanga), the SEC-CEO will hold a virtual Memorandum of Agreement (MOA) signing activity with its pioneer partners.
A total of 28 stakeholders from all over the Philippines, three of them from SEC-CEO areas, will sign the MOA to formalize the partnership.
Those that have committed to join the SEC-CEO CAMPAIGN Network include the Junior Chamber International WoMandaue Chapter, Inc. (JCI WoMandaue), the Sustainable Energy and Enterprise Development for Communities (SEED4COM), and the Talisay City Chamber of Commerce and Industry Inc. (TCCCII)
The MOAs are to be signed by JCI WoMandaue Vice-President for External Atty. Rheswi Grace C. Colina, SEED4COM Trustee and Program Director of CERTAmbayan Atty. Zigfred M. Diaz, and TCCCII President Cyril D. Velasco.
The SEC CApital Market Promotion and Advocacy INter-aGency Network (SEC CAMPAIGN) aims “to promote capital market awareness in the countryside by identifying networking and linkaging as powerful strategies towards stakeholder awareness and satisfaction,” said SEC Chair Emilio B. Aquino.
Through this MOA, the SEC-CEO and its partners have agreed to pursue common interests in financial literacy and investor protection thru information dissemination, promotion, and knowledge and resource sharing.
“We are proud and humbled to be invited as one of the pioneering partners of the SEC CAN as we are committed to work hand in hand in promoting financial literacy and investor education and protection to all Filipinos,” Velasco said.
“We are grateful for the opportunity to work with such a prestigious government agency (SEC) to promote financial literacy and help people avoid investment frauds. We are looking forward to our next cooperative efforts,” JCI WoMandaue’s Colina said.
The Commission launched the SEC CAMPAIGN network in a national scale two years ago during the first Investor Protection Week celebration.
President Rodrigo R. Duterte in November 2019 signed Proclamation Number 846, declaring every second week of November as Investor Protection Week.
In that proclamation, the President stated: “(D)ue to the growing number of reported investment scams in the country, there is a need to reinforce efforts to inform and educate the public on financial literacy, investor rights and responsibilities and risks of investment, through the conduct of programs aimed at reducing the investing public’s vulnerability to fraudulent schemes."
The President anchored this proclamation on Republic Act 11232, the Revised Corporation Code, which empowers the SEC to exercise regulatory powers over corporations and the people acting on their behalf as well as “promote the protection of investors and to prevent imminent fraud and injury to the investing public.”
On its official Facebook page, SEED4COMs education and advocacy arm CERTAmbayan said it is looking forward to the partnership with SEC-CEO as this not only helps in financial literacy and investor education “but also countering all kinds of online disinformation, harnessing the untapped skills and intellectual capital of multi- disciplinary professionals from across disciplines and professions for free to counter online disinformation.” (PR)
