BAGUIO CITY — The Securities and Exchange Commission-Baguio Extension Office (SEC-BEO) has secured the commitment of the University of the Cordilleras, Integrated Bar of the Philippines – Baguio-Benguet Chapter, and the Pangasinan Government Information Officers Association Inc. for the SEC BAGUIO CAMPAIGN Network launched on 29 April 2022.
Together with the other eight SEC extension offices in the country, the SEC-BEO held a virtual Memorandum of Agreement (MOA) signing activity with its pioneer partners.
A total of 28 stakeholders from all over the Philippines signed the MOA to formalize the partnership.
The MOAs were signed by University of the Cordilleras President, Dr. Nancy Flores; Integrated Bar of the Philippines – Baguio-Benguet Chapter President, Atty. Jose Mari O.
Molintas; and the Pangasinan Government Information Officers Association Inc. president, Ms. Sheila F. Bascon – De Guzman.
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 Chairperson Emilio B. Aquino.
Through this MOA, the SEC-BEO and its partners have agreed to pursue common interests in financial literacy and investor protection thru information dissemination, promotion, and knowledge and resource sharing.
The Commission launched the SEC CAMPAIGN 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: “Due 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.”
