DAVAO CITY – The Securities and Exchange Commission-Davao Extension Office (SEC-DEO) has secured commitments from five groups for the SEC Davao CAMPAIGN Network, which it is set to launch today, April 29 (Friday) at 10:00 a.m..
The event will be streamed live 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, Cebu, Iloilo, Cagayan de Oro and Zamboanga), the SEC-DEO will organize a virtual Memorandum of Understanding (MOA) signing activity with its pioneering partners.
A total of 28 stakeholders from across the Philippines, including five from SEC-DEO areas, will sign the MoU to formalize the partnership.
Those committed to joining the SEC-DEO CAMPAIGN network include Notre Dame de Dadiangas University in General Santos City, Cor Jesu College in Digos City, Barangay Magdum in Tagum City, Association of Certified Public Accountants in Public Practice – Southern Mindanao Region (ACPAPP-SMR) and the Philippine Institute of Certified Public Accountants – Davao del Sur Chapter (Davao del Sur PICPA Chapter).
MOAs must be signed by the President of Notre-Dame de Dadiangas University, Fr. Manual de Leon, President of the College Cor Jesu fr. Ellakim Sosmeña, Captain of Barangay Ma. Teresa Reambonanza de Magdum in Tagum City, ACPAPP-SMR President Jonas Mascariñas and PICPA Davao del Sur President Joanne Diesca.
The SEC CApital Market Promotion and Advocacy INTER-aGency Network (SEC CAMPAIGN) aims to “promote capital market awareness in campaigns by identifying networking and matchmaking as powerful strategies for raising awareness and stakeholder satisfaction. said SEC Chairman Emilio B. Aquino.
Through this MOU, SEC-WD and its partners have agreed to pursue common interests in financial literacy and investor protection through the dissemination of information, promotion and sharing of knowledge and resources.
“We look forward to joining the network because we share the same advocacy,” said Fr. Manuel de Leon, president of the University of Our Lady of Dadiangas.
On its official Facebook page, Cor Jesu College in Digos City said its participation in the campaign was an important step “towards realizing our great dream of providing financial education not only to our students but to society at large. “.
The Commission launched the SEC CAMPAIGN network nationwide two years ago during the first celebration of Investor Protection Week.
President Rodrigo R. Duterte signed Proclamation Number 846 in November 2019, declaring every second week of November Investor Protection Week.
In the proclamation, the President said: “(D) Due to the increasing number of reported investment scams in the country, there is a need for increased efforts to inform and educate the public about financial literacy, rights and responsibilities of investors and investment risks. , through the conduct of programs to reduce the vulnerability of the investing public to fraudulent schemes”.
The president anchored that proclamation on Republic Act 11232, the Revised Companies Code, which empowers the SEC to exercise regulatory powers over companies and persons acting on their behalf, as well as to “promote investor protection and to prevent imminent fraud and harm to the investing public.