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Philippines
Saturday, May 18, 2024

3:12 AM

29.9 C
Philippines
Saturday, May 18, 2024

3:12 AM

SEC launches check app in 85th anniversary

CAGAYAN DE ORO CITY (PIA)–The Securities and Exchange Commission (SEC) launched the SEC Check App, which provides the stakeholders with easier access to the latest updates, notices and other issuances from the SEC in line with its celebration in serving the investing public for 85 years now while leading the celebration of the Investor Protection Week. 

With the click of a button, the public can either report suspicious investment schemes or Check with the SEC before accepting investment offers.  The application may be downloaded through this link: https://bit.ly/3qkxOf5.

“As we continue to innovate on our strategies to lessen the proliferation of investment scams, we hope that the investing public will coordinate with us and will help themselves to be a smart investor,” Lawyer Frederick A. Enopia, officer-in-charge of the SEC-CDOEO said in a statement.

He added that the Commission has been doing its best to address the prevailing concerns on the rising cases of victims of these various easy-money schemes, however, the people tolerate these schemes, which allows the existence of these unfortunate cases.

This year’s theme, “SECure the Future through Smart and Sustainable Investment,” aims to encourage the public to become smart investors.

Over the years, it has always been a challenge for the Commission as the proliferation of investment scams continues to rise. 

For the year 2021, the Commission has issued 98 advisories as of writing, which stipulates warning among the public to stop investing and to exercise caution in dealing with any individuals or group of persons soliciting investments of the listed entities. These advisories are accessible on the SEC’s website at sec.gov.ph in the Advisories’ corner. 

In its efforts on investor education, the Commission has been initiating and partnering with the other workforces to conduct webinars on spotting and unmasking red flags of investment scams. 

As of November 2021, the Commission has conducted 26 webinars already which targets local government units, schools, government agencies, private institutions, and individuals. 

These are just a few of the continuing efforts, which the Commission continues to look forward to in achieving a smart and sustainable investing community. (SEC/PIA-10)

 

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