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Friday, February 23, 2024

1:32 AM

26.3 C
Philippines
Friday, February 23, 2024

1:32 AM

SEC CDOEO educates sectors on identifying investment scams

CAGAYAN DE ORO CITY (PIA)–The Securities and Exchange Commission Cagayan de Oro Extension Office (SRC CDOEO) held the Investor Protection Week Roadshow 2022 at Grand Caprice Convention Center, Limketkai, here, November 9, to educate the public with tools to identify on how to spend their money, and identify how investment scams operate.

Topics included Financial Fitness: Introduction to Personal Finance and Spotting and Unmasking Investment Scams.

“We hope that our public will exercise caution that before investing or going into investing people who just approached them especially di nila masyadong kilala (they do not know very well),” said SEC CDOEO Director Lawyer Frederick A. Enopia.

He added that if that particular person asks someone to invest immediately, without giving the latter a time to reflect, that is already a red flag.

The SEC urged the public to investigate before investing and give a copy of credentials from people who have business schemes or modus operandi for verification.

“In the end, always be cautious and never easily part with your hard earned money, especially if it is just a scam,” he said.

Emman Shepherd, student of Capitol University, said, “I learned how to determine the red flags of investment. At the same time I also learned how to identify the right investment. Through this seminar, I am able to learn more and help me broaden my knowledge in investment.”

The Investor Protection Week roadshow is conducted simultaneously nationwide as part of the 86th anniversary celebration of SEC. (JMOR/PIA-10)